Daniel Tam was named CFO at Kirkland, Wash.-based Kistler Aerospace today, reporting directly to CEO Randy Brinkley. His addition to the company’s management team will help to advance the company’s financial restructuring efforts and to spur development of Kistler’s proposed K-1 reusable launch vehicle, Brinkley said.

Kistler is in the process of finalizing a plan of reorganization to enable it to emerge from Chapter 11 bankruptcy protection. Its largest creditor, Bay Harbour Management, is assisting in the effort.