Rocket Lab Unveils Alteration to Board Composition

Rocket Lab USA, Inc. (Nasdaq: RKLB) has announced that Dr. Sven Strohband, after dedicating 11 years of service, will not seek re-election to the Company’s Board of Directors at the 2024 Annual Meeting of Stockholders. Dr. Strohband, a member of Rocket Lab’s Board of Directors since 2013, currently serves as Managing Director at venture capital firm Khosla Ventures. With a background as a seasoned venture capital investor and deep tech leader, he has previously held positions leading technical diligence at Mohr Davidow Ventures for six years, and has contributed to technical projects at Stanford University and the Electronics Research Lab of Volkswagen.

Rocket Lab founder and CEO Peter Beck expressed appreciation for Dr. Strohband’s unwavering commitment and invaluable contributions throughout the company’s journey. Beck remarked, “Sven has been an indispensable asset to Rocket Lab since our earliest days, providing invaluable insight and support through pivotal moments such as funding rounds, our inaugural Electron launch, NASDAQ listing, and expansion into space systems. While we anticipated this transition, I am deeply grateful for his decade-long partnership. I have no doubt he will continue to champion our endeavors as we pursue further growth, bolstered by a distinguished board replete with exceptional talent and experience.”

Reflecting on his tenure, Dr. Strohband emphasized the profound impact of Rocket Lab’s mission and expressed admiration for Peter Beck’s visionary leadership. He recalled their initial encounter in 2013 and the immediate recognition of Beck’s exceptional entrepreneurial prowess. Strohband highlighted the alignment of Rocket Lab’s mission with Khosla Ventures’ ethos of supporting groundbreaking ventures, noting their pivotal role in backing Rocket Lab from its Series A investment through to its public listing. He concluded with anticipation for Rocket Lab’s future endeavors, reaffirming his unwavering support for the company.

Dr. Strohband will continue to fulfill his duties on Rocket Lab’s board until the 2024 Annual Meeting of Stockholders, scheduled for June 12, 2024.

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