Oxford Quantum Circuits Appoints Gerald Mullally as Interim CEO to Replace Ilana Wisby

Ilana Wisby, a significant figure in the quantum computing sector and also the former CEO of Oxford Quantum Circuits (OQC), has announced her departure from the company via LinkedIn. Last year, OQC secured a $100 million investment round led by SBI Investment, a prominent Japanese venture capital firm.

Gerald Mullally, formerly vice president of OQC’s commercial division, has been appointed interim CEO. Mullally expressed his excitement and honor in taking on the role, looking forward to collaborating with the team, investors, and partners to drive the company’s growth.

Wisby reflected on her six years at the helm, noting that as OQC advances with its Series B funding, it was an appropriate time for her to move on to new opportunities. She highlighted her journey from OQC’s inception as a spin-out from Oxford University, emphasizing the achievements made possible by a diverse and dedicated team supported by committed investors. Wisby expressed pride in the accomplishments of her world-class colleagues and her role in promoting accessibility and inclusivity within the quantum industry.

In a previous interview with TQI, Wisby stressed the need to be vigilant about the potential impacts of quantum technology. She pointed out that, like any new technology, quantum computing could be used for both beneficial and detrimental purposes. Therefore, it is crucial to establish guiding principles early on to ensure positive outcomes.

Mullally, who previously held a senior position at the UK Prime Minister’s Office and Cabinet Office, is welcomed by the board as they anticipate his leadership will further strengthen and expand OQC’s mission. George praised Mullally who is an exceptional leader well-aligned with OQC’s mission-driven culture. Peter George, chair of OQC, expressed gratitude for Wisby’s contributions and wished her success in her future endeavors.

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