Advanced Air Mobility News

Lilium Announces New Appointments

Lilium Announces New Appointments

German eVTOL developer Lilium said its Board of Directors has appointed Oliver Vogelgesang as Chief Financial Officer (CFO) and Sebastien Borel as Chief Commercial Officer (CCO) with immediate effect.

Vogelgesang and Borel will support Lilium CEO Klaus Roewe in the development of Lilium’s eVTOL aircraft. Geoffrey Richardson will step down from the CFO position after bringing Lilium through a listing on NASDAQ in 2021 and closing a $119 million capital raise in Q4 2022

Vogelgesang has been in finance and aerospace for nearly 30 years after working for Airbus. Borel, previously holding position at Honeywell and Airbus, joined Lilium in November 2021 as Vice President, Business and was appointed SVP Commercial in April 2022.

“Climate change is the great challenge and opportunity of this time. I am proud to have personally contributed to laying the structural, financial, and organizational basis for Lilium to succeed in their mission to accelerate the decarbonization of aviation. The time has come for me to move on to my next challenge in the ESG space,” said Richardson.

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