Prior to founding Archer, Mr. Goldstein founded and led Vettery from November 2012 to December 2019. The management team is led by Ken Moelis, Chairman, and Michael Spellacy, Chief Executive Officer, both of whom have had careers centered around identifying, evaluating and implementing organic and inorganic transformational growth and value creation initiatives across a broad range of industries. Prior to co-founding Archer, Mr. Goldstein also co-founded and led software company Vettery before it was acquired by The Adecco Group. Mr. Munoz previously served on the board of directors of Continental Airlines, Inc. from May 2004 until its acquisition by United Airlines in October 2010. PALO ALTO, Calif., April 18, 2022 - Archer Aviation Inc. (NYSE: ACHR) today announced that Adam Goldstein has been named sole CEO, as the company prepares for its next phase of growth in the fast-developing urban air mobility market. Archers mission is to advance the benefits of sustainable air mobility. Archer. Ms. Pinelli has served as a member of our board of directors since September 2021. Archer and its respective directors, officers and employees may also be deemed to be participants in the solicitation of proxies of Atlas Crests stockholders in connection with the proposed business combination. The airline has said it envisions using zero-emission air taxis to ferry passengers on short flights over gridlocked . Jan Erik Klepsland, has served as Director in Archer since October 2021. Mr. Munoz also currently serves on the board of trustees of the University of Southern California and The Brookings Institution. Archer Aviation, Inc. ("Archer") has agreed to effect a business combination with Atlas Crest Investment Corp., pursuant to which Archer will merge with and into a subsidiary of Atlas (the "Merger"). Mr. Goldstein serves as a member of the board of directors of the Museum of American Finance. However, they . Jan Erik Klepsland, has served as Director in Archer since October 2021. Mr. Commenting on the appointments, Brett Adcock, co-founder and co-CEO of Archer, said We couldnt be more grateful that such an accomplished and distinct group of individuals have chosen to join us as we embark on this remarkable journey to change the future of transportation for generations to come.. In this role, Ms. Pinelli led a team of over 5,000 professionals serving high growth private, public and private-equity backed businesses. Mr. Spellacy has served as a member of our board of directors since September 2021. These nominations will add three additional diverse and seasoned executives to the combined . We believe that our aim to create competitive return to our shareholders is best accomplished through operating with the highest ethical requirements and employing stringent corporate governance. We believe that Mr. Diazs experience in management, sales, and marketing in the automotive industry qualify him to serve on our board. Prior to joining the Archer Limiteds board of directors, Mr OShaughnessy served as Executive Vice President, Chief Accounting Officer and Corporate Controller of Axis Capital Holdings Limited since March, 2012. Prior to such role, Mr. Diaz served as General Manager in Charge of Performance Optimization Global Marketing and Sales of Mitsubishi Motors Corporation in Japan, from July 2017 to April 2018. Former Chairman and CEO of United Airlines. Board of Directors; Committee Composition; Governance Documents; Leadership Team; Resources. Mr. Dell Orto is an Argentinean and Italian citizen and resides in Switzerland. in Business Administration from Wayne State University and an M.B.A. from the University of Michigan. Mr. Diaz currently serves as a director of Site One Landscapes (formerly John Deere Landscapes), a publicly traded company. C. 205 - Form 8-K, Archer Aviation Inc. : Other Events, Financial Statements and Exhibits (form 8-K), Transcript : Archer Aviation Inc. Presents at 28th Annual Vail Summit, Feb-27-2023 07:00 AM. Munoz, a seasoned aviation executive, served as CEO of United Airlines from 2015 to 2020 and, prior to this, served on the board of United Airlines' parent company United Continental Holdings. If any of these risks materialize or if assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. From September 2021 to April 2022, Mr. Goldstein served as our Co-CEO and Co-Chairperson of our board of directors. Brett Adcock, Archer's co-founder and former co-CEO, will remain on the Company's Board of Directors. Mr. Spellacy is also the Chief Executive Officer and a director of Atlas Crest Investment Corp. II and Atlas Crest Investment Corp. V. Mr. Spellacy has extensive experience in technology, data and analytics, capital markets and private equity and has worked as an investor, investment banker and consultant. As the worlds only vertically integrated airline company, Archer is designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in Urban Air Mobility that can carry passengers for a targeted 60 miles at speeds of up to 150 mph while producing minimal noise. August 4, 2021 | Archer Announces Experienced and Skilled Board Nominees Ahead of Merger with Atlas Crest Investment Corp. Archer rounds out nominations to the combined companys board of directors with diverse and seasoned talent from the aviation, automotive, technology, and finance & consulting sectors, Nominations include Deborah Diaz, former CTO and deputy CIO of NASA, Maria Pinelli, former Global Vice Chair of E&Y and Fred Diaz, former CEO of Mitsubishi Motors North America, Latest announcement comes after Archer announced last week the nomination of Oscar Munoz, former United Airlines Chairman and CEO, to join the post-closing board of directors, Board appointments are set to bolster Archers position as a strategic leader in the eVTOL space. These statements are based on the current expectations of the management of Atlas Crest and Archer and are not predictions of actual performance. Most recently, Mr. Spellacy was a Senior Managing Director at Accenture plc (Accenture) and Global Industry Leader of Accenture Capital Markets while overseeing Accentures Asset Management, Wealth Management and Investment and Trading businesses. Copyright 2023. Archer Aviation - Corporate Governance - Board of Directors Board of Directors Adam Goldstein Archer Founder & CEO Mr. Goldstein is Archer's founder and serves as our CEO. He served as chairman of Sirius Well Manufacturing Pte, an independent joint venture between Shell and China National Petroleum Corporation from 2012 to 2017, as a non-executive director of Xtreme Drilling and Coil Services Corporation from 2008 to 2014 and as a Director of Seadrill Ltd from 2018 to 2020. Ms. Pilarski is the Executive Sponsor of the Stellantis Womens Business Resource Group, which is dedicated to pursuing the professional development and advancement of female employees. These risks and uncertainties include, but are not limited to, the early-stage nature of Archer, including its history of losses and the expectation of significant losses for the foreseeable future; Archers ability to manufacture and deliver its aircraft within its current estimated budget, including risks associated with Archers reliance on its relationships with its suppliers and service providers for the parts and components in its aircraft and its ability to successfully develop commercial-scale manufacturing capabilities; risks associated with the United Airlines order constituting all of the current orders for Archer aircraft and that the order is subject to conditions, further negotiation and reaching mutual agreement on certain material terms; risks relating to the uncertainty of the projections included in the model; Archers ability to effectively market and sell air transportation as a substitute for conventional methods of transportation, following receipt of governmental operating authority, including successfully addressing any obstacles outside of its control that may slow market adoption of eVTOL aircraft; Archers ability to compete in the competitive urban air mobility and eVTOL industries; Archers ability to obtain expected or required certifications, licenses, approvals, and authorizations from transportation authorities; Archers ability to achieve its business milestones and launch products on anticipated timelines; Archers dependence on suppliers and service partners for the parts and components in its aircraft; Archers ability to develop commercial-scale manufacturing capabilities; regulatory requirements and other obstacles outside of Archers control that slow market adoption of electric aircraft; Archers ability to facilitate necessary changes to Vertiport infrastructure to enable adoption, including installation of necessary charging equipment; Archers ability to establish and expand its presence within international markets and into the market segments of defense or logistics/cargo; Archers ability to hire, train and retain qualified senior management personnel or other key employees; risks related to Archers aerial ride sharing business operating in densely populated metropolitan areas and heavily regulated airports; adverse publicity from accidents involving aircraft, helicopters or lithium-ion battery cells; the impact of labor and union activities on Archers work force; losses resulting from indexed price escalation clauses in purchase orders and cost overruns; regulatory risks related to evolving laws and regulations in Archers industries, including data privacy and security laws; impact of the COVID-19 pandemic on Archers business and the global economy; risks related to natural disasters, outbreaks and pandemics, economic, social, weather, growth constraints and regulatory conditions or other circumstances affecting metropolitan areas; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the stockholders of Atlas Crest or Archer is not obtained; a decline in Archers securities following the business combination if it fails to meet the expectations of investors or securities analysts; Archers inability to protect its intellectual property rights from unauthorized use by third parties; Archers ability to defend third-party claims of intellectual property infringement against Archer; Archers need for and the availability of additional capital to pursue its business objectives and respond to business opportunities, challenges or unforeseen circumstances; cybersecurity risks; risks and costs associated with the ongoing civil litigation with Wisk Aero LLC and the federal government investigation; risks related to the dual class structure of Archers common stock, which will limit other investors ability to influence corporate matters; the amount of redemption requests made by Atlas Crests public stockholders; the ability of Atlas Crest or the combined company to issue equity or equity-linked securities in connection with the proposed business combination or in the future, and those factors discussed in Atlas Crests Registration Statement on Form S-4, filed with the Securities and Exchange Commission (SEC) on March 8, 2021 (as amended, the Registration Statement) under the heading Risk Factors, and other documents of Atlas Crest filed, or to be filed, with the SEC. Atlas Crest priced its $500 million initial public offering on October 27, 2020. The Company took this step, which it believes will help simplify its operating structure, to drive its flight testing and certification program on its path to commercialization. As one of the most well-capitalized eVTOL companies with a team of world-class engineering and design talent, Archer is strategically positioned to bring urban air mobility to market. During his tenure, United earned recognition for innovation and customer service, earning trust with employees and leading the industry toward a sustainable aviation future. From July 2011 to June 2017, Ms. Pinelli was a Global Vice Chair of EY and led EYs Global Strategic Growth Business unit with a focus on serving entrepreneurs, private and public companies poised for exponential growth. Former President and CEO of Mitsubishi Motors North America, Site One Landscape Supply Inc. (f/k/a as John Deere Landscapes LLC). As CEO and VC Advisor of Catalyst ADV, Ms. Diaz manages a strategic growth advisory firm specializing in business transformation, innovative technologies, advanced manufacturing and strategic partnerships since December 2016. From January 2007 to November 2009, Ms. Diaz served as Deputy Chief Information Officer for the United States Patent and Trademark Office (USPTO). Prior to Bridgewater, Mr. Spellacy was a Partner and Managing Director at the Boston Consulting Group from 2003 to 2009 where he helped guide the firms global Alternative Investments Practice providing strategic business advisory services to global asset managers, sovereign wealth funds and asset owners. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Archer rounds out nominations to the combined company's board of directors with diverse and seasoned talent from the aviation, automotive, technology, and finance & consulting sectorsNominations . We believe that Mr. Spellacys deep investing and management experience qualify him to serve on our board. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Mr. Munoz also served in various leadership roles for The Coca-Cola Company from June 1986 to June 1997 and for PepsiCo from June 1982 to June 1986. You will then receive an email asking you to validate your email address (click the link in that email to complete the process). in Business Administration from the University of Florida and an M.B.A. from NYU Stern School of Business. Archer Aviation Inc. announced on May 9, 2022, the Board of Directors received a letter from Brett Adcock resigning as a director of the Company, effective immediately. Mr. OShaughnessy earned a Masters Degree in Accounting from University College Dublin in 1986. From October 2002 to January 2007, Ms. Diaz was the Senior Technical Advisor to create the U.S. Department of Homeland Security and also the Chief Information Officer for Science and Technology. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. All rights reserved. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Ms. Pinelli has served as the Chief Executive Officer of Strategic Growth Advisors, LLC since December 2020. You will then receive an email asking you to validate your email address (click the link in that email to complete the process). Adam Goldstein is Archers founder and has served as Chief Executive Officer of Archer and a member of the Archer board of directors since October 2018. Mr. Spellacy began his role at Accenture in 2017. We believe that Ms. Pilarskis experience in management and business development in the automotive industry qualify her to serve on our board. Before that, Mr. Diaz served as General Manager in Charge, Performance Optimization Global Marketing and Sales of Mitsubishi Motors Corporation in Japan, from July 2017 to April 2018. He holds a MSc in Finance from Norwegian School of Economics (NHH). Previously, Ms. Diaz also held executive leadership roles at the United States Patent and Trademark Office and the U.S. Department of Homeland Security. He also served as a member of the board of directors of United Continental Holdings, Inc. from October 2010 to June 2021. Mr. Munoz, a seasoned aviation executive, served as CEO of United Airlines (United) from 2015 to 2020 and led the companys board as Executive Chairman from 2020 until retiring in May 2021. You will then receive an email asking you to validate your email address (click the link in that email to complete the process). Prior to leading this global business of EY, Ms. Pinelli was EYs Americas Director of Strategic Growth Markets from 2006 to 2011. He is a nonexecutive member of the board of directors of Gas Plus, an Italian company listed on the Milan Stock Exchange. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Before Vettery, Mr. Goldstein served as Co-Managing Partner of Minetta Lane Capital Partners from March 2011 to August 2012. Prior to Broadhaven, Mr. Spellacy was a Senior Executive, Management Committee Advisor at Bridgewater Associates, a widely recognized asset manager from 2009 to 2013. in Economics from the London School of Economics and MBA from the University of Hartford. Important Information for Investors and Shareholders. In fact, former United CEO Oscar Munoz serves on Archer's board of directors. Archer Aviation Inc. announced the appointment of Barbara Pilarski to its Board of Directors. Archer Aviation Inc. today announced the appointment of Barbara Pilarski to its Board of Directors. Based in Palo Alto and led by co-founders and co-CEOs Brett Adcock and Adam Goldstein, Archer's mission is to advance the benefits of sustainable air mobility and become the leader in the new era of UAM, a $1 trillion plus market, according to leading industry research. During the same period, she also served as EYs Global IPO Leader, helping clients prepare for the public markets including initial public offering readiness, Sarbanes Oxley Act compliance and how to manage stakeholder expectations. We believe that Mr. Goldsteins deep experience in the industry and co-founding Archer qualify him to serve on our board. "We couldn' t be happier that Barbara, with her multifaceted experience, has chosen to join . Barclays Adjusts Price Target on Archer Aviation to $3.50 From $4, Maintains Equal-Weig.. JPMorgan Chase Trims Archer Aviation's Price Target to $5 From $7, Keeps Overweight Rat.. Barclays Adjusts Archer Aviation's Price Target to $4 from $5.50, Maintains Equalweight.. All aspects of employment are decided on the basis . We believe that Mr. Goldsteins deep experience in the industry and co-founding Archer qualify him to serve on our board. Archer Aviation, Inc. engages in the development of all-electric vertical take-off and landing aircraft. Mr. Klepsland is a Norwegian citizen and resides in Oslo, Norway. Prior to founding Archer, Mr. Goldstein founded and led Vettery from November 2012 to December 2019. We're delighted to welcome Oscar Munoz, former United Airlines Chairman and CEO, to Archer's board of directors. Ms. Pilarski has a B.S. Mr. Goldstein holds a B.S. Adcock, who co-founded the California-based start-up with Goldstein in 2018, will remain on the company's board of directors. Adam Goldstein is Archers co-founder and has served as Co-Chief Executive Officer of Archer and a member of the Archer board of directors since October 2018. Stockholders are able to obtain copies of such documents, without charge at the SEC's web site atwww.sec.gov. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Upon closing of the proposed business combination, these nominees are expected to be joined by Brett Adcock, Adam Goldstein and Michael Spellacy, CEO of Atlas Crest, on the board of directors of the combined company. Deborah Diaz served as the CTO and deputy CIO of the National Aeronautics and Space Administration (NASA) from 2009 to 2016, where she was responsible for NASAs global system infrastructure, risk management, financial and regulatory stewardship, innovation and technology infusion. Before Vettery, Mr. Goldstein served as Co-Managing Partner of Minetta Lane Capital Partners from March 2011 to August 2012. Contacts:For MediaLouise Bristowlouise.bristow@archer.comFor Investorsinvestors@archer.com, April 18, 2022 | Archer Aviation Announces Leadership Transition; Appoints Adam Goldstein Sole CEO. I also want to thank Brett for his partnership and many contributions to Archer along the way.. PDF Format Download (opens in new window) . CEO and VC Advisor of Catalyst ADV; Former CTO and Deputy CIO of NASA, Former President and CEO of Mitsubishi Motors North America, Former Chairman and CEO of United Airlines, Stellantis Global Head of Business Development, CEO of Strategic Growth Advisors; Former head of Ernst & Young LLP's Consumer Products and Retail sector, Site One Landscape Supply Inc. (f/k/a as John Deere Landscapes LLC). We believe that Mr. Diazs experience in management, sales, and marketing in the automotive industry qualify him to serve on our board.