- Push-out Score determined
- After nine years in the position
- Praise and thanks for Rigetti
- Search for a successor
- Rigetti said 86 words
(exechange) — Berkeley, California, October 31, 2022 — Chad Rigetti, chief executive of Rigetti Computing, leaves his position. As announced by Rigetti Computing Inc. in a news release and in a regulatory filing published on Monday, October 31, 2022, Chad Rigetti leaves his post as chief executive officer at the specialist in hybrid quantum-classical computing, after nine years in the role, effective when a successor is identified.
Rigetti Computing will undertake a search for a successor.
No reason given
In the announcement, Rigetti Computing did not explicitly explain the reason for the move.
Precise information regarding Chad Rigetti’s future plans was not immediately available.
Rigetti Computing said: “[T]he Company’s Founder, Dr. Chad Rigetti, will be transitioning from his position as President and Chief Executive Officer to focus on advancing the Company’s products and technology.”
Share price decline since March 2022
The announcement follows a decline in Rigetti Computing Inc.’s share price of 80% since March 2022.
In the position of CEO since 2013
Chad Rigetti became CEO of the Company in 2013.
Chad Rigetti has served as CEO and President of Rigetti and a member of the Company’s Board since immediately following the consummation of the Business Combination and previously served as CEO, founder and a director of Legacy Rigetti since the company’s incepetion.
Rigetti is a quantum computing entrepreneur and physicist.
Since founding Legacy Rigetti in 2013, Rigetti has led the company to become a preeminent global leader in quantum computing.
He has raised more than $200M in venture funding, built a world class leadership team and board, and institutionalized the company’s pioneering innovation capabilities.
Prior to Rigetti and Legacy Rigetti, Rigetti worked in the quantum computing group at IBM Research.
Rigetti’s research focused on the development of novel silicon-based chip architectures, control schemes, and system-level designs for practical quantum computing systems.
He is an inventor of 38 issued U.S. patents and author of more than 20 peer-reviewed scientific publications with more than 4,000 citations.
He holds a Ph.D. in Applied Physics from Yale University and a B.S. in Physics with Honors from the University of Regina.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Chad Rigetti’s move on a scale of 0 to 10.
exechange reached out to Rigetti Computing and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 45.2022 ($).