As the worlds only vertically integrated airline company, Archer is designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in Urban Air Mobility that can carry passengers for a targeted 60 miles at speeds of up to 150 mph while producing minimal noise. Mr. Diaz currently serves as a director of Site One Landscapes (formerly John Deere Landscapes), a publicly traded company. Mr. Diazs extensive experience in operations management, sales, and marketing in the automotive transportation industry bring significant value as Archer prepares to scale customer operations ahead of the expected launch of commercial operations in 2024. Mr. Diaz served as President, CEO and Chairman of the Board of Mitsubishi Motors North America from April 2018 to April 2020. To get the latest updates from Archer via email, please enter your email address in the field below, select which categories of information you would like to receive and click submit. The company was founded by Brett Adcock and Adam Goldstein on October 16, 2018 and is. Jan Erik Klepsland, has served as Director in Archer since October 2021. 1 CORPORATE GOVERNANCE GUIDELINES APPROVED BY THE BOARD ON SEPTEMBER 16, 2021 Archer Aviation Inc. (the "Company") has established the following guidelines for the conduct and operation of its Board of Directors (the "Board").These guidelines are designed to give directors a flexible Mr. 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. 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. From January 2001 to April 2003, Mr. Munoz served as CFO of Consumer Services at AT&T. Fundamental company data and analyst estimates provided by FactSet. From April 2013 to July 2017, Mr. Diaz served in a number of executive roles for Nissan Motor Corporation, including Division Vice President & General Managerof North American Trucks and Light Commercial Vehicles and Sr. Vice President Sales & Marketing and Operations. We are targeting routes of between 20-60 miles. We're delighted to welcome Oscar Munoz, former United Airlines Chairman and CEO, to Archer's board of directors. 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. These forward-looking statements should not be relied upon as representing Atlas Crests or Archers assessments as of any date subsequent to the date of this press release. Ms. Diaz brings decades of experience with industry and international organizations overseeing large operational staffs and budget, ESG implementation, and global business joint ventures. To get the latest updates from Archer via email, please enter your email address in the field below, select which categories of information you would like to receive and click submit. Forward-looking statements generally are accompanied by words such as believe, may, will, estimate, continue, anticipate, intend, expect, should, would, plan, predict, potential, seem, seek, future, outlook, and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. For Investorsinvestors@flyarcher.comFor MediaLouise BristowArcherC: 818 398 8091louise.bristow@archer.comarcher@launchsquad.com, Andrea HurstMoelis & CompanyC: 347 583 9705andrea.hurst@moelis.com. Before Vettery, Mr. Goldstein served as Co-Managing Partner of Minetta Lane Capital Partners from March 2011 to August 2012. 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. Ms. Pinelli has served as the Chief Executive Officer of Strategic Growth Advisors, LLC since December 2020. Archer Aviation - Corporate Governance - Board of Directors Board of Directors Adam Goldstein Archer Founder & CEO Mr. Goldstein is Archer's founder and serves as our CEO. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. 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. I am fully committed to the success of Archer, said Brett Adcock. 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. 03/03/2023. 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Brett Adcock, Archer's co-founder and former co-CEO, will remain on the Company's Board of Directors. He was named president in February 2014, and in January 2015 became the ninth chief executive in ADM's 112-year history. Archer's team is based in Palo Alto, CA. Previously Mr. Spellacy held senior roles at PricewaterhouseCoopers, Broadhaven Capital, Bridgewater Associates and Boston Consulting Group. You will then receive an email asking you to validate your email address (click the link in that email to complete the process). 05/10/2022 | 06:01am EST. 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. Mr. Spellacy was appointed Atlas Crest Investment Corp.'s Chief Executive Officer on October 2, 2020, and a director on October 14, 2020. 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. Mr. Munoz served as Chairman and CEO of United Airlines from September 2015 to May 2021. Archers mission is to advance the benefits of sustainable air mobility. Mr. Spellacy received his B.S. 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. 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. 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. Mr. Spellacy was appointed Atlas Crest Investment Corp.s Chief Executive Officer on October 2, 2020, and a director on October 14, 2020. 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. in Business Administration from the University of Florida and an M.B.A. from NYU Stern School of Business. 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. 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. 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. We believe that Mr. Spellacys deep investing and management experience qualify him to serve on our board. 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. All rights reserved. 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. 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. Mr. Spellacy has served as a member of our board of directors since September 2021. - USA, CA - Archer Aviation Inc., a leading Urban Air Mobility company and developer of all-electric vertical take-off and landing aircraft, and Atlas Crest Investment Corp. (NYSE: ACIC) today announced Deborah Diaz, Maria Pinelli, and Fred Diaz as nominees for the post-closing board of directors. UAL's former CEO serves on the Archer board of directors. Giovanni Dell Orto was appointed as a Director in February 2011. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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 directors. 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. Prior to founding Archer, Mr. Goldstein founded and led Vettery from November 2012 to December 2019. 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. Adam Goldstein is Archers co-founder and has served as Co-Chief Executive Officer of Archer and a member of the Archer board of directors since October 2018. Mr. Diaz also served in several roles for Fiat Chrysler Automobiles from 2004 to 2013, including President and CEO Ram Truck Brand and President and CEO Chrysler Mexico. Archer Aviation, Inc. engages in the development of all-electric vertical take-off and landing aircraft. Archer rounds out nominations to the combined company's board of directors with diverse and seasoned talent from the aviation, automotive, technology, and finance & consulting sectorsNominations . 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 Broadhaven, Mr. Spellacy was a Senior Executive, Management Committee Advisor at Bridgewater Associates, a widely recognized asset manager from 2009 to 2013. Ms. Diaz served as National Aeronautics and Space Administrations (NASA) Chief Technology Officer and Deputy Chief Information Officer from November 2009 to October 2016, where she was responsible for NASAs global system infrastructure, technology pilots, and risk management. To get the latest updates from Archer via email, please enter your email address in the field below, select which categories of information you would like to receive and click submit. 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. Many actual events and circumstances are beyond the control of Atlas Crest and Archer. To get the latest updates from Archer via email, please enter your email address in the field below, select which categories of information you would like to receive and click submit. Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. If the Merger does not occur during a period of time determined by the Board of Directors of Archer (the "Archer Board") in its . Neither RTP nor Joby Aviation gives any assurance that either RTP or Joby Aviation or the combined company will achieve its expectations. Before joining Uniteds executive team, Mr. Munoz served in several roles at CSX Corporation from 2003 to 2015, including President, COO, and CFO. Archers mission is to advance the benefits of sustainable air mobility. Currently the Global Head of Business Development at Stellantis N.V., Pilarski is a seasoned leader with. Under Adams leadership, this management structure will continue to drive the success of the Company.. 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. Mr. Klepsland is a Director of Seatankers Management Norway AS. 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.
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