MELBOURNE, Fla., July 31,
2023 /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE:
EVEX, EVEXW), leader in the development of next-generation Urban
Air Mobility ("UAM"), announced today that its Board of Directors
has appointed Johann Bordais, current President and CEO of Embraer
Services & Support, as Chief Executive Officer to be effective
on September 1, 2023. Eve's
co-CEOs, Andre Stein and
Jerry DeMuro, will remain at Eve
with new roles.
"Eve has made incredible progress and accomplished important
milestones in the development of an eVTOL aircraft and the urban
air ecosystem under the leadership of Jerry and Stein," said Luís
Carlos Affonso, Chairman of Eve's
Board. "Now, with the acceleration of our vehicle development and
increased focus on operations and entry-into-service of our eVTOL,
Johann Bordais' leadership and experience successfully leading a
global business will be an outstanding addition to Eve's team,
helping our mission to create Urban Air Mobility."
Johann Bordais has led Embraer's Services & Support business
since its foundation in 2016. He was pivotal in transforming the
area into Embraer's fast-growing and most profitable business of
the company, with reported revenues of $1.27
billion in 2022, accounting for 28% of Embraer's total
revenue. During his tenure at Embraer Services & Support,
Bordais has transformed Embraer's aftersales business model,
globalizing its solutions and guaranteeing customer satisfaction
through innovation and integrated products, and providing a broad
portfolio of solutions to customers in Commercial Aviation,
Executive Jets and Defense, with over 2,300 people dedicated to
supporting customers and their 5,700 aircraft worldwide.
"Urban Air Mobility has the potential to revolutionize how
people commute and travel with a direct impact on millions of
lives. Supporting customers in a high-demand services environment
with the right product is our mission. Eve has built a skilled team
in recent years to deliver an effective and sustainable new mode of
transportation, and I'm so proud and very excited to join this
group," said Johann Bordais.
Jerry DeMuro will remain at Eve
as Executive Vice President of Corporate Development through the
end of October 2023 to assist Johann
in the transition. Mr. DeMuro joined the company in September 2021 as co-CEO and was instrumental in
Eve's SPAC transaction, taking the company to a very successful
NYSE listing that raised approximately $400
million from multiple strategic financial investors.
"I believe Eve is uniquely positioned to become a leading player
in a potential $760 billion Urban Air
Mobility market. Our pipeline of orders, full support from Embraer
and a large group of strategic partners are key differentiators. I
look forward to continuing to help Eve accomplish its vision of
sustainable urban aviation," said Mr. DeMuro.
Andre Stein will assume the role
of Chief Strategy Officer at Eve, based in the United States. He will be responsible for
defining Eve's strategy, including commercialization, growth and
the development and execution of launch strategies with Eve's
international partners and operators. Stein has over 25 years of
experience in the aerospace industry with a focus on sales, product
development and market strategy and has nurtured the Urban Air
Mobility initiative since its inception, helping to define the
industry's potential use-cases, markets and product
characteristics, while contributing to Eve's spin-off process, NYSE
listing and capital raise.
"We believe that the Urban Air Mobility market has enormous
potential in the coming years based on an efficient, zero-emissions
transport proposition. I will continue to support Eve to reach
vehicle type certification, entry-in-service, scale its
manufacturing and support operations globally," said Andre Stein.
Due to the successful completion of Eve's launch phase and new
demands of his schedule, Kenn Ricci
has announced his intention to resign from the Eve Board of
Directors by the end of October 2023.
At that time, the expectation is Jerry
DeMuro will be appointed to replace Kenn Ricci on Eve's Board of Directors. "Kenn's
entrepreneurship and aviation vision were invaluable to the
completion of the merger of Zanite and Eve in a $2.7 billion transaction," said Luís Carlos Affonso.
"Eve is another success case of our long-term partnership with
Embraer as we share similar values and an extraordinary passion for
innovation, sustainable aviation and emerging technologies," said
Mr. Ricci.
About Eve Air Mobility
Eve is dedicated to accelerating the Urban Air Mobility ecosystem.
Benefitting from a start-up mindset, backed by Embraer S.A.'s more
than 50-year history of aerospace expertise, and with a singular
focus, Eve is taking a holistic approach to progressing the UAM
ecosystem, with an advanced eVTOL project, a comprehensive global
services and support network and a unique air traffic management
solution. Since May 10, 2022, Eve has
been listed on the New York Stock Exchange, where its shares of
common stock and public warrants trade under the tickers "EVEX" and
"EVEXW". For more information, please
visit www.eveairmobility.com.
Eve Air Mobility Forward-Looking Statements Disclosure
Certain statements in this press release include "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as "estimate," "plan," "project," "forecast," "intend,"
"will," "expect," "anticipate," "believe," "seek," "target", "may",
"intend", "predict", "should", "would", "predict", "potential",
"seem", "future", "outlook" or other similar expressions (or
negative versions of such words or expressions) that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding Eve's expectations with
respect to the announced agreement and future performance. 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. Actual events and
circumstances are difficult or impossible to predict and may differ
from assumptions, and such differences may be material. Many actual
events and circumstances are beyond the control of Eve.
These forward-looking statements are subject to a number of
risks and uncertainties, including, among others: (i) changes in
domestic and foreign business, market, financial, political and
legal conditions; (ii) failure to realise the anticipated benefits
of the announced agreement between Eve; (iii) risks relating to the
uncertainty of the projected financial information with respect to
Eve; (iv) the outcome of any legal proceedings that may be
instituted against Eve; (v) future global, regional or local
economic and market conditions, including the growth and
development of the urban air mobility market; (vi) the development,
effects and enforcement of laws and regulations; (vii) Eve's
ability to grow and manage future growth, maintain relationships
with customers and suppliers and retain its key employees; (viii)
Eve's ability to develop new products and solutions, bring them to
market in a timely manner, and make enhancements to its platform;
(ix) Eve's ability to successfully develop, obtain certification
for and commercialise its eVTOL; (x) the effects of competition on
Eve's future business; (xi) the outcome of any potential
litigation, government and regulatory proceedings, investigations
and inquiries; (xii) the impact of the global COVID-19 pandemic and
(xiii) those factors discussed in Eve's Registration Statement on
Form 10-K/A filed on May 4th, 2023
under the heading "Risk Factors," and other documents of Eve filed,
or to be filed, with the Securities and Exchange Commission
(SEC).
If any of these risks materialise or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that Eve does not presently know or that Eve
currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect Eve's
expectations, plans or forecasts of future events and views as of
the date of this press release. Eve anticipates that subsequent
events and developments will cause Eve's assessments to change.
However, while Eve may elect to update these forward-looking
statements at some point in the future, Eve specifically disclaims
any obligation to do so. These forward-looking statements should
not be relied upon as representing Eve's assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Media Contacts:
media@eveairmobility.com
Investor Information:
https://ir.eveairmobility.com
investors@eveairmobility.com
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SOURCE Eve Holding, Inc.