Vertical Aerospace appoints experienced independent board members

Vertical Aerospace appoints experienced independent board members

16-Nov-2021 Source: Vertical Aerospace

Vertical Aerospace (“Vertical”), a global aerospace and technology company that is pioneering zero-emissions aviation, today announced the appointment of two Independent Non-Executive Directors, Kathy Cassidy and Gur Kimchi, to Vertical’s Board of Directors, with Dómhnal Slattery becoming an advisor to Stephen Fitzpatrick, CEO and Chairman of Vertical. These appointments will be effective upon completion of Vertical’s business combination with Broad-stone Acquisition Corp.

Kathy Cassidy brings over 20 years of capital markets experi-ence having spent 13 years as Senior Vice President and Trea-surer of GE and GE Capital and the last six years as an Indepen-dent Board Director for Goldman Sachs Mutual Funds. Kathy will chair Vertical’s Audit Committee.

Gur Kimchi is a veteran aviation and technology executive and co-founded of Amazon Prime Air, Amazon’s drone delivery service. Gur is an industry leader who has helped shape the future of aviation through a series of leadership roles at Amazon and Microsoft as well as serving as a member of the Federal Aviation Administration Drone Advisory Committee from 2016 to 2020. Gur holds a significant number issued patents and will serve as chair of Vertical’s Certification Committee.

Gur Kimchi is a veteran aviation and technology executive and co-founded of Amazon Prime Air, Amazon’s drone delivery service. Gur is an industry leader who has helped shape the future of aviation through a series of leadership roles at Amazon and Microsoft as well as serving as a member of the Federal Aviation Administration Drone Advisory Committee from 2016 to 2020. Gur holds a significant number issued patents and will serve as chair of Vertical’s Certification Committee.

Dómhnal Slattery, CEO of Avolon, will be an advisor to Stephen Fitzpatrick, CEO and Chairman of Vertical. Dómhnal has over 30 years’ experience in the aircraft leasing industry and has built Avolon to be a global leader in aircraft leasing through a period of private equity ownership, a successful listing on the NYSE, and a take private with Bohai Leasing. Avolon is a key partner for Vertical, having invested into its PIPE and having made a 500 aircraft conditional pre-order for Vertical’s VA-X4 through its affiliate Avolon-e, 350 of which have already been placed to Brazil’s Gol airline and Japan’s JAL.

Vertical’s executive team is comprised of Stephen Fitzpatrick, Chairman and CEO; Vinny Casey, Chief Financial Officer; and Michael Cervenka, President.

Stephen Fitzpatrick, Founder and CEO of Vertical, said: “I am thrilled to welcome Kathy and Gur to the Vertical Board and to be working alongside Dómhnal in his new role as an advisor. Their collective experience across aviation, technology and the public markets will propel us forward on the next stage of our journey. I’m delighted to be working with them to make zero emissions aviation a reality for all.”

Kathy Cassidy said: “I am delighted to be joining Vertical as it enters its next stage of its development. The company and its excellent team have already impressed me, and I look forward to helping guide them successfully as a public company.”

Gur Kimchi said: “Vertical is a phenomenal company with massive potential to democratize aviation. I am excited to be joining Vertical and help it on its journey, enabling commercial flight with the highest levels of certified safety.”

Dómhnal Slattery said: “I am delighted to take on the role of advisor to Stephen Fitzpatrick. Avolon’s confidence in Vertical is evident in our equity investment in their PIPE and our commitment to the VA-X4 program with our June order for 500 zero emissions aircraft. Vertical have the largest order book in the sector, it has the vision, the right business model and the right leadership team. I look forward to playing a strong role in its future success.”

, , ,

Copyright © 2021 HeliHub

Website by Design Inc

Helihub logo

X