PALO ALTO, CA., August 4, 2021 - Archer Aviation Inc. ("Archer"), a leading Urban Air Mobility company and developer of all-electric vertical take-off and landing ("eVTOL") aircraft, and Atlas Crest Investment Corp. ("Atlas Crest") (NYSE: ACIC) today announced Deborah Diaz, Maria Pinelli, and Fred Diaz as nominees for the post-closing board of In fact, former United CEO Oscar Munoz serves on Archer's board of directors. 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. 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. ARCHER AVIATION INC. : Change in Directors or Principal Officers (form in Finance and Strategy from USCs Marshall School of Business and an MBA from Pepperdine University. 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. 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. These forward-looking statements include, but are not limited to, statements regarding future events, the proposed business combination between Atlas Crest and Archer, the estimated or anticipated future results and benefits of the combined company following the proposed business combination, including the likelihood and ability of the parties to successfully consummate the proposed business combination, future opportunities for the combined company, and other statements that are not historical facts. Investors: investors@jobyaviation.com +1-831-201-6006. Mr.OShaughnessy is an Irish, British and Bermudan citizen, residing in Bermuda. April 21, 2022 Adam Goldstein this week took sole command of eVTOL aircraft developer Archer Aviation after Brett Adcock stepped down as co-CEO. Before Vettery, Mr. Goldstein served as Co-Managing Partner of Minetta Lane Capital Partners from March 2011 to August 2012. Renewable Energies and Carbon Capture & Storage, Conveyance and mechanical / slickline services, Human rights, Anti-Corruption and Business Ethics. Forget a 2023 Recession, These 3 Cathie Wood Stocks Have Room to Run 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.. 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. Contacts:For MediaLouise Bristowlouise.bristow@archer.comFor Investorsinvestors@archer.com, April 18, 2022 | Archer Aviation Announces Leadership Transition; Appoints Adam Goldstein Sole CEO. Mr. Diaz served as President, CEO and Chairman of the Board of Mitsubishi Motors North America from April 2018 to April 2020. Mr. Diaz served as President, CEO and Chairman of the Board of Mitsubishi Motors North America from April 2018 to April 2020. Mr. Goldstein holds a B.S. SEC.gov | HOME 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. Prior to Broadhaven, Mr. Spellacy was a Senior Executive, Management Committee Advisor at Bridgewater Associates, a widely recognized asset manager from 2009 to 2013. Prior to her employment at FCA, Ms. Pilarski served in various business development and finance positions within Chrysler LLC, DaimlerChrysler Corporation, and Chrysler Corporation since September 1985. Archer. Before Vettery, Mr. Goldstein served as Co-Managing Partner of Minetta Lane Capital Partners from March 2011 to August 2012. Ms. Pinelli has served as a member of our board of directors since September 2021. (e) On February 7, 2022, the Compensation Committee (the "Committee") of the Board of Directors of Archer Aviation Inc. (the "Company") approved entering into Change in Control and Severance Agreements with each of the Company's executive officers (excluding Brett Adcock and Adam Goldstein, our Co-Chief Executive Officers), whose change in . In addition, forward-looking statements reflect Atlas Crests and Archers expectations, plans or forecasts of future events and views as of the date of this press release. 03/03/2023. Mr. Spellacy began his role at Accenture in 2017. Ms. Pinelli has served as the Chief Executive Officer of Strategic Growth Advisors, LLC since December 2020. We believe that Ms. Diazs broad experience working with innovative technologies, leadership in multiple high-risk market evolutions in both the private sector and in government qualify her to serve on our board of directors. 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. Archer Aviation and United Airlines Form eVTOL Operations - Flying To attract such diversity of skills from established industries is a huge win for Archer and were excited to work with these world-class business and strategic minds to shape our route to market, added Adam Goldstein, co-founder and co-CEO of Archer. 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. 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. He became chairman of the board in . 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. Mr. Spellacy has extensive experience in technology, data and analytics, capital markets and private equity and most recently, was the Global Industry Leader of Accenture Capital Markets while overseeing Accentures Asset Management, Wealth Management and Investment and Trading businesses. Mr. Spellacy received his B.S. Brett Adcock, Archers co-founder and former co-CEO, will remain on the Companys Board of Directors. Mr. Munoz also currently serves on the board of trustees of the University of Southern California and The Brookings Institution. International stock quotes are delayed as per exchange requirements. Before Vettery, Mr. Goldstein served as Co-Managing Partner of Minetta Lane Capital Partners from March 2011 to August 2012. These statements are subject to a number of risks and uncertainties regarding Atlas Crests businesses and the proposed business combination, and actual results may differ materially. Mr. Munoz also currently serves on the board of trustees of the University of Southern California and The Brookings Institution. Currently the Global Head of Business Development at Stellantis N.V., Pilarski is a seasoned leader with. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. in Commerce from McMaster University and is a qualified public accountant in the United Kingdom and Canada. 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. in Business Administration from the University of Florida and an M.B.A. from NYU Stern School of Business. Prior to founding Archer, Mr. Goldstein founded and led Vettery from November 2012 to December 2019. 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. Archer is creating the worlds first electric airline that moves people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. Juan R. Luciano is chairman of the board of directors, president and chief executive officer of ADM. Luciano joined ADM in 2011 as executive vice president and chief operating officer. Mr. Diaz holds a B.S. Mr. Goldstein is Archers founder and serves as our CEO. 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. Mr. Goldstein holds a B.S. ADM - Governance - Board of Directors in Business Administration and Management with a Minor in Psychology from Texas Lutheran University and an M.B.A. from Central Michigan University. Source: FactSet. Archer Aviation - Corporate Governance - Board of Directors - Person Details Person Details Adam Goldstein Founder & CEO Adam Goldstein is Archer's founder and has served as Chief Executive Officer of Archer and a member of the Archer board of directors since October 2018. Previously, Ms. Diaz also held executive leadership roles at the United States Patent and Trademark Office and the U.S. Department of Homeland Security. The company expects to complete the first Maker test flights in the. Prior to Vettery, Adam spent 10 years in various leadership positions across several investment firms. 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. Mr. Spellacy has served as a member of our board of directors since September 2021. Prior to Accenture, Mr. Spellacy was a Senior Partner, Asset and Wealth Management, at PricewaterhouseCoopers from 2015 to 2017 and prior to that role, Mr. Spellacy was a Partner at Broadhaven Capital, an industry leading independent investment bank and private equity investor servicing the financial services and technology sectors from 2013 to 2015. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Many actual events and circumstances are beyond the control of Atlas Crest and Archer. Contacts: For Joby Aviation. Mr. OShaughnessy earned a Masters Degree in Accounting from University College Dublin in 1986. All rights reserved. ACHR | Archer Aviation Inc. Company Profile & Executives - WSJ in Economics from the London School of Economics and MBA from the University of Hartford. Mr. 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. PDF Format Download (opens in new window) . Archer Aviation - Corporate Governance - Board of Directors - Person 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. press@jobyaviation.com. 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. Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. in Business Administration from Wayne State University and an M.B.A. from the University of Michigan. Archer Aviation nominates Deborah Diaz, Maria Pinelli and Fred Diaz for Prior to leading this global business of EY, Ms. Pinelli was EYs Americas Director of Strategic Growth Markets from 2006 to 2011. in Business Administration from the University of Florida and an M.B.A. from NYU Stern School of Business. Mr. Diaz has served as a member of our board of directors since September 2021. in Finance and Strategy from USCs Marshall School of Business and an MBA from Pepperdine University. 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. Mr. Munoz has served as a member of our board of directors since September 2021. Prior to founding Archer, Mr. Goldstein founded and led Vettery from November 2012 to December 2019. Mr. Sharpe received a Bachelor of Science degree from the University of Hull in 1980. Archer Aviation - Corporate Governance - Board of Directors - Person 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. James is best known as a co-inventor of the Rapidly-exploring Random Tree (RRT) algorithm, which has become a . The Company took this step, which it believes No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. 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. Archer Aviation - Corporate Governance - Board of Directors - Person Ms. Diaz is also a licensed single engine pilot. Mr. Spellacy began his role at Accenture in 2017. He holds a MSc in Finance from Norwegian School of Economics (NHH). In connection with the proposed business combination between Archer and Atlas Crest, Atlas Crest has filed the Registration Statement, including a proxy statement/prospectus. Mr. Klepsland is a Norwegian citizen and resides in Oslo, Norway. Archer Co-Founder Brett Adcock Steps Down As eVTOL - FutureFlight From September 2021 to April 2022, Mr. Goldstein served as our Co-CEO and Co-Chairperson of our board of directors. Wisk Aero LLC v. Archer Aviation Inc., 3:21-cv-02450, No. 426-11 (N.D "We couldn' t be happier that Barbara, with her multifaceted experience, has chosen to join . Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Atlas Crests executive officers and directors in the solicitation by reading the Registration Statement and other relevant materials filed with the SEC in connection with the proposed business combination when they become available. Mr. Munoz holds a B.A. He is a member of the board of Energy Developments and Investments Corporation (EDIC), a company with substantial investments in the oil and gas activities in South America. Prior to co-founding Archer, Mr. Goldstein also co-founded and led software company Vettery before it was acquired by The Adecco Group. We believe that Ms. Pilarskis experience in management and business development in the automotive industry qualify her to serve on our board. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Archers executive officers and directors in the solicitation by reading the Registration Statement and other relevant materials filed with the SEC in connection with the proposed business combination when they become available. Source: Kantar Media. 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. He is a nonexecutive member of the board of directors of Gas Plus, an Italian company listed on the Milan Stock Exchange. Atlas Crest and Archer anticipate that subsequent events and developments will cause Atlas Crests and Archers assessments to change. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Co-founding and leading Archer was one of the greatest experiences of my life, and I am so proud of the incredible Archer team and their many accomplishments. 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. 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. 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. We believe that Mr. Munozs experience in management and finance in the airline industry qualify him to serve on our board. Former Chairman and CEO of United Airlines. Mr. Munoz served as Chairman and CEO of United Airlines from September 2015 to May 2021. 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.. Data may be intentionally delayed pursuant to supplier requirements. in Business Administration from the University of Florida and an M.B.A. from NYU Stern School of Business. Archer Appoints Barbara Pilarski to Board of Directors Mr. James OShaughnessy has served as Director and Chairman of the Audit Committee since September 2018. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Jan Erik Klepsland, has served as Director in Archer since October 2021.