Firefly Aerospace CEO Bill Weber Steps Down Amid Misconduct Allegations

Firefly Aerospace’s Board of Directors has just announced that Bill Weber will no longer be the company’s CEO. Instead, a Firefly board member, Peter Schumacher, will temporarily lead the company while the board looks for a new one.

“Schumacher previously served in this role at Firefly and will lead the company’s more than 700 passionate, hardworking, and talented professionals,” commented Firefly Aerospace.

Peter Schumacher to Lead Firefly Aerospace

The leadership change at Firefly Aerospace occurred following allegations of misconduct against Bill Weber. As we previously stated, on 15th July, Payload reported that Firefly CEO Bill Weber had been accused of sexual misconduct. These allegations led to an internal investigation by the company.

From now on, a Transition Committee, led by board member and aerospace industry veteran Chris Emerson, will support Schumacher and the Firefly team, as Firefly concluded.

What We Know About Peter Schumacher?

Peter Schumacher currently serves as a Partner at AE Industrial Partners and holds board positions at Firefly Aerospace, Altus Fire and Life Safety, and Moeller Aerospace. In his role, he focuses on investment strategy, deal origination, due diligence management, and overseeing the growth of portfolio investments.

With over 13 years of experience in Aerospace Industry mergers and acquisitions (M&A), commercial operations, and engineering, Schumacher previously served as Director of Business Development at GE Aviation Engine Services, where he led M&A activities and strategic initiatives.