Joby announces Board of Directors ahead of SPAC merger

Joby announces Board of Directors ahead of SPAC merger

30-Jul-2021 Source: Joby Aviation

Joby Aero, Inc. (“Joby”), a California-based company developing all-electric aircraft for commercial passenger service, today announced the composition of its Board of Directors in anticipation of the company’s merger with Reinvent Technology Partners (“Reinvent” or “RTP”) (NYSE:RTP), a special purpose acquisition company that takes a “venture capital at scale” approach to partnering with bold leaders and companies. Upon the closing of the transaction, the combined company will be named Joby Aviation, Inc., and become publicly traded, with its common stock to be listed on the New York Stock Exchange under the ticker symbol “JOBY”.

The following appointments have been made to Joby’s Board of Directors since December 2020:

  • Aicha Evans, CEO, Zoox. Aicha has more than two decades of experience leading global engineering teams and shaping core technologies that power the modern world. She also led Zoox’s successful acquisition by Amazon. Prior to Zoox, Evans held executive roles at Intel, driving its transformation from a PC-centric to a data-centric company. In addition to Joby’s board, Evans acts as a supervisory board member of SAP. As the CEO of a company developing revolutionary autonomous transport technology, Aicha’s experience is particularly relevant to Joby’s mission.
  • Dr. James Kuffner, CEO and Representative Director of Woven Planet Holdings, and Member of the Board of Directors and Operating Officer of Toyota Motor Corporation. James is best known as a co-inventor of the Rapidly-exploring Random Tree (RRT) algorithm, which has become a key standard benchmark for robot motion planning. As a Research Scientist and Engineering Director at Google, he was part of the initial engineering team that built Google’s self-driving cars.

The following appointments are expected to be made to Joby’s Board of Directors upon the closing of the transaction:

  • Reid Hoffman, LinkedIn Co-Founder and Co-Lead Director of Reinvent Technology Partners. Reid is an accomplished entrepreneur and investor, who served on the founding Board of Directors of PayPal, co-founded LinkedIn and today sits on the Board of Directors of a wide variety of companies, including Microsoft and Aurora. Reid is a Partner at Greylock, and Co-Lead Director of Reinvent Technology Partners with whom Joby intends to merge.
  • Halimah DeLaine Prado, General Counsel, Google. Halimah has spent 15 years at Google, working on some of the most complex and important legal issues of the digital age, including a variety of projects at Google X. Prior to her current position, Halimah was a Vice President of Legal, managing a global team providing counsel across Google’s products, including Ads, Search, Cloud, Hardware, Platforms & Ecosystems, and YouTube. Halimah’s expertise in protecting digital technologies and supporting the development of highly-regulated hardware, such as autonomous vehicles, will be particularly applicable to Joby.
  • Laura Wright, former CFO, Southwest Airlines. Laura has significant experience managing airline finances and operations, having helped to establish Southwest as one of the top US airlines across a 25 year tenure at the company. Her experience of leading an airline through a period of high growth will be particularly relevant to Joby as it seeks to establish and rapidly grow an aerial ridesharing service beginning in 2024.

Commenting on the recent appointments, JoeBen Bevirt, Founder and CEO of Joby, said, “We are incredibly humbled to have been able to assemble such a remarkable and diverse group of world-class leaders to guide and support Joby as we plan to enter the public market.”

“Each of these individuals is exceptionally accomplished in their respective fields and we’re grateful that they have chosen to lend us their expertise.”

Following the closing of the transaction, these recent appointees and expected appointees are expected to join three current members of Joby’s Board of Directors:

  • JoeBen Bevirt is the founder and Chief Executive Officer of Joby and has led the team since its inception more than a decade ago. He has dedicated his life to driving radical innovation in electric propulsion and robotics. In 1999, he co-founded Velocity11 to develop high-performance robotic laboratory systems, which was acquired by Agilent Technologies. In 2005, he founded Joby Inc., a company that develops useful and delightful consumer products including the popular Gorillapod flexible camera tripod.
  • Paul Sciarra is Joby’s Executive Chairman and was its first outside investor. Paul’s proven ability to lead world-changing companies by building products designed around the customer is best exhibited by his role as the co-founder and CEO of Pinterest. After Pinterest, Paul was an entrepreneur-in-residence at the leading venture capital firm Andreessen Horowitz. Paul was instrumental in Joby’s move to a four-passenger aircraft operating within a service-based model.
  • Dipender Saluja is Managing Director of Capricorn Investment Group. He joined Joby’s board of directors in 2016 after he led the company’s Series A financing. He has extensive management and operations experience in the technology, transportation, and cleantech industries. He serves as a Commissioner of the Global Commission to End Energy Poverty, on the Investment Council of CalStart, and on the advisory board of the Institute on the Environment.

Earlier this week, RTP announced that an Extraordinary General Meeting of Shareholders has been scheduled for August 5, 2021 to vote on the approval and adoption of RTP’s business combination with Joby.

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