Archer Aviation Inc. (NYSE: ACHR) as we speak introduced that Adam Goldstein has been named sole CEO, as the corporate prepares for its subsequent part of progress within the fast-developing city air mobility market. Brett Adcock, Archer’s co-founder and former co-CEO, will stay on the Firm’s Board of Administrators. The Firm took this step, which it believes will assist simplify its working construction, to drive its flight testing and certification program on its path to commercialization. As some of the well-capitalized eVTOL corporations with a staff of world-class engineering and design expertise, Archer is strategically positioned to carry city air mobility to market.
“I wish to thank the Board for giving me the management alternative to capitalize on our core strategic benefits that may make city air mobility an on a regular basis actuality right here within the U.S,” mentioned Adam Goldstein. “Over the past 4 years at Archer, the staff has labored tirelessly to develop into a pacesetter within the eVTOL business. I additionally wish to thank Brett for his partnership and plenty of contributions to Archer alongside the way in which.”
“Co-founding and main Archer was one of many biggest experiences of my life, and I’m so happy with the unbelievable Archer staff and their many accomplishments. I’m totally dedicated to the success of Archer,” mentioned Brett Adcock.
“Prior to now 12 months, Archer has achieved its acknowledged milestones and continued to construct out its main engineering, design and certification groups placing the corporate in a strategic place for successful,” mentioned Oscar Munoz, a member of Archer’s Board of Administrators and Former Chairman and CEO of United Airways. “Beneath Adam’s management, this administration construction will proceed to drive the success of the Firm.”
Archer’s mission is to advance the advantages of sustainable air mobility. Archer’s aim is to maneuver individuals all through the world’s cities in a fast, secure, sustainable, and cost-effective method. Archer is designing and creating electrical vertical takeoff and touchdown plane to be used in city air mobility networks. Archer’s staff relies in Palo Alto, CA.
To be taught extra, go to www.archer.com.
About Adam Goldstein
Adam Goldstein is Archer’s co-founder and has served as Co-Chief Govt Officer of Archer and a member of the Archer board of administrators since October 2018. Previous to co-founding Archer, Mr. Goldstein additionally co-founded and led software program firm Vettery earlier than it was acquired by The Adecco Group. Previous to Vettery, Adam spent 10 years in varied management positions throughout a number of funding corporations. Mr. Goldstein serves as a member of the board of administrators of the Museum of American Finance. Mr. Goldstein holds a B.S. in Enterprise Administration from the College of Florida and an M.B.A. from NYU Stern Faculty of Enterprise.