Mr. Spellacy received his B.S. 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. We are targeting routes of between 20-60 miles. Jan Erik Klepsland, has served as Director in Archer since October 2021. Atlas Crest priced its $500 million initial public offering on October 27, 2020. 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. in Finance and Strategy from USCs Marshall School of Business and an MBA from Pepperdine University. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Change value during other periods is calculated as the difference between the last trade and the most recent settle. We believe that Ms. Pinelli is well-qualified to serve on our board due to her previous leadership roles at EY, her international business and financial experience, and her extensive experience in advising growth companies. in Business Administration from the University of Florida and an M.B.A. from NYU Stern School of Business. From February 2011 to November 2019 Mr. Goldstein served as Portfolio Manager at Plural Investments and from September 2005 to October 2009 Mr. Goldstein served as a Senior Analyst at Cedar Hill Capital Partners. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Contacts:For MediaLouise Bristowlouise.bristow@archer.comFor Investorsinvestors@archer.com, April 18, 2022 | Archer Aviation Announces Leadership Transition; Appoints Adam Goldstein Sole CEO. Before that, Mr. Munoz served as SVP of Finance and Administration at U.S. West from July 1997 to December 2000. 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. Before joining Uniteds executive team, Mr. Munoz served in several roles at CSX Corporation from 2003 to 2015, including President, COO, and CFO. "We couldn' t be happier that Barbara, with her multifaceted experience, has chosen to join . James is best known as a co-inventor of the Rapidly-exploring Random Tree (RRT) algorithm, which has become a . This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 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. Shares of Archer Aviation can soar in 2023. Mr. Goldstein is Archers founder and serves as our CEO. 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. In fact, former United CEO Oscar Munoz serves on Archer's board of directors. International stock quotes are delayed as per exchange requirements. Mr. Diaz also served in several roles for Fiat Chrysler Automobiles (FCA) from 2004 to April 2013, including President and CEO Ram Truck Brand, President and CEO Chrysler Mexico, Head of National Sales, Regional Managing Director of the Denver Business Center, Marketing Communications. Since leaving NASA in 2016, she has served as CEO and VC Advisor of Catalyst ADV, a strategic growth advisory firm specializing in large-scale business transformation, developing new business markets and strategic partnerships. Prior to Broadhaven, Mr. Spellacy was a Senior Executive, Management Committee Advisor at Bridgewater Associates, a widely recognized asset manager from 2009 to 2013. For this position we are targeting a base pay between $228,000 - $285,000. Mr. Spellacy began his role at Accenture in 2017. Mr. Goldstein holds a B.S. Mr. Goldstein is Archers founder and serves as our CEO. From January 2001 to April 2003, Mr. Munoz served as CFO of Consumer Services at AT&T. 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. Mr. James OShaughnessy has served as Director and Chairman of the Audit Committee since September 2018. You will then receive an email asking you to validate your email address (click the link in that email to complete the process). 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 was named president in February 2014, and in January 2015 became the ninth chief executive in ADM's 112-year history. Mr. Munoz has served as a member of our board of directors since September 2021. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. If the Merger does not occur during a period of time determined by the Board of Directors of Archer (the "Archer Board") in its . Mr. Goldstein serves as a member of the board of directors of the Museum of American Finance. 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. in Business Administration from Wayne State University and an M.B.A. from the University of Michigan. In this role, Ms. Pinelli led a team of over 5,000 professionals serving high growth private, public and private-equity backed businesses. We're delighted to welcome Oscar Munoz, former United Airlines Chairman and CEO, to Archer's board of directors. The Company took this step, which it believes 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. Actual compensation offered will be determined by factors such as job-related knowledge, skills, and experience.Archer is proud to be an Equal Opportunity employer committed to diversity and inclusivity in the workplace. I am fully committed to the success of Archer, said Brett Adcock. Mr. Diaz currently serves as a director of Site One Landscapes (formerly John Deere Landscapes), a publicly traded company. 03/03/2023. Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses and is sponsored by an affiliate of Moelis & Company, a leading global financial advisor to corporate executives, boards, entrepreneurs, financial sponsors and governments. For Reinvent Technology Partners. in Business Administration from the University of Florida and an M.B.A. from NYU Stern School of Business. To learn more, visit www.archer.com. We believe that Mr. Spellacys deep investing and management experience qualify him to serve on our board. Mr. Diaz holds a B.S. All rights reserved. However, while Atlas Crest and Archer may elect to update these forward-looking statements at some point in the future, Atlas Crest and Archer specifically disclaim any obligation to do so. Prior to becoming CEO, Mr. Munoz served on the board of directors of United Airlines parent company, United Continental Holdings, having earlier joined the board of Continental Airlines in 2004. Ms. Pinelli has served as a member of our board of directors since September 2021. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Ms. Pilarski has served as a member of our board of directors since January 2022. Prior to the closing of the business combination, Mr. Goldstein served as the President and Co-CEO of Archer and a member of the Archer board of directors since October 2018. Brett Adcock, Archers co-founder and former co-CEO, will remain on the Companys Board of Directors. Investors: ir@reinventtechnologypartners . Maria Pinelli led Ernst & Young LLPs (EY) Consumer Products and Retail sector based in the U.S. Southeast from 2017 until the end of 2020. Investors: investors@jobyaviation.com +1-831-201-6006. in Business Administration from Stonehill College. in Economics from the London School of Economics and MBA from the University of Hartford. Mr. Dell Orto was president and chief executive officer of DLS Drilling, Logistics and Services from 1994 to August 2006; since then he remains member of the board of DLS. 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). Mr. Spellacy received his B.S.
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