Aerion Promotes Nichols to CEO

 - January 8, 2013, 3:20 PM

Aerion, which aims to develop a supersonic business jet, promoted Doug Nichols to CEO yesterday. Nichols, who was previously COO at the company, also joined Aerion’s board of directors. In his new capacity he is responsible for all corporate activities of Aerion, including its recently acquired Desktop Aeronautics aerospace software and consultancy subsidiary based in Palo Alto, Calif. “Doug’s promotion…will allow an increasingly vertically integrated Aerion to expand and monetize its portfolio of transonic and supersonic intellectual property,” said Robert M. Bass, chairman of Aerion and president of Keystone Group.