Lilium Welcomes Aerospace Industry Veteran Philippe Balducchi to Board of Directors
September 12 2024 - 7:30AM
Lilium N.V. (Nasdaq: LILM), a leading electric aircraft
manufacturer and pioneer in Regional Air Mobility (RAM), today
announced changes to its Board of Directors, subject to approval at
the upcoming extraordinary general meeting of shareholders (EGM) on
Wednesday, September 18, 2024. The company intends to appoint
Philippe Balducchi as a non-executive member of the Board, while
Barry Engle and Henri Courpron, who have served as non-executive
directors, do not plan to stand for re-appointment following the
completion of their terms.
Philippe Balducchi currently serves as Group CFO
of KNDS, a tier one European defense technology supplier with
production lines in France and Germany and industrial partnerships
throughout the world.
Philippe Balducchi brings extensive aerospace
program experience having also previously served in multiple senior
management roles during a 20-year career at Airbus and its
predecessor companies. As CEO of Airbus Canada, Philippe oversaw
the production ramp up of the successful Bombardier C-Series, its
rebranding as the Airbus A220, and the establishment of a new final
assembly line in Alabama. Balducchi is an aviation engineer and
holds an MBA from HEC Paris Business School.
Lilium Chairman, Tom Enders, commented on the
proposal to the EGM: “Philippe’s strategic insights, his financial
acumen and his experience in managing large-scale operations in the
aerospace and defense sector make him a valuable addition to
Lilium’s board.”
Philippe Balducchi commented: “I am thrilled to
be proposed to join Lilium at such an exciting time in its journey.
The company's vision for electric air mobility is not only
innovative but also transformative for the industry. I look forward
to contributing to Lilium's continued success and working with the
talented team and board members to advance our shared goals.”
Barry Engle and Henri Courpron have both been
instrumental in shaping Lilium’s trajectory, helping the company to
grow from a startup to a mature aerospace company.
Barry Engle served as a member of Lilium’s Board
since September 2021. He was the key player in securing Lilium’s
NASDAQ listing via a de-SPAC procedure. Since joining the Board,
Barry Engle was the Chair of the Audit Committee. He has now taken
over an executive position that no longer allows him to be part of
a board in Europe.
Tom Enders, the Lilium Chairman, said: “Barry
and Henri made outstanding contributions to Lilium. Serving on a
Board on the other side of the Atlantic comes with additional
challenges and sacrifices. We are very grateful for their service
and wish them well for their futures.”
Contact information for media:
Rainer Ohler
+49 172 489 0353
Rainer.ohler.ext@lilium.com
press@lilium.com
Contact information for investors:
Rama Bondada
Vice President, Investor Relations
investors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable
and accessible mode of high-speed, regional transportation for
people and goods. Using the Lilium Jet, an all-electric vertical
take-off and landing jet, designed to offer leading capacity, low
noise, and high performance with zero operating emissions, Lilium
is accelerating the decarbonization of air travel. Working with
aerospace, technology, and infrastructure leaders, and with
announced sales and indications of interest in Europe, the United
States, China, Brazil, the UK, the United Arab Emirates, and the
Kingdom of Saudi Arabia, Lilium’s 1,000+ strong team includes
approximately 500 aerospace engineers and a leadership team
responsible for delivering some of the most successful aircraft in
aviation history. Founded in 2015, Lilium’s headquarters and
manufacturing facilities are in Munich, Germany, with teams based
across Europe and the U.S. To learn more, visit www.lilium.com.
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Lilium Forward Looking Statements:
This communication contains certain
forward-looking statements within the meaning of the U.S. federal
securities laws, including the statements relating to the
composition of Lilium N.V.’s Board of Directors. These
forward-looking statements generally are identified by the words
“anticipate,” “believe,” “could,” “expect,” “estimate,” “future,”
“intend,” “may,” “on track,” “plan,” “project,” “should,”
“strategy,” “will,” “would” and similar expressions.
Forward-looking statements are predictions, projections, and other
statements about future events that are based on management’s
current expectations with respect to future events and are based on
assumptions and are subject to risk and uncertainties that are
subject to change at any time. Actual events or results may differ
materially from those contained in the forward-looking statements.
Factors that could cause actual future events to differ materially
from the forward-looking statements in this communication include
those risks and uncertainties discussed in Lilium’s filings with
the U.S. Securities and Exchange Commission (the “SEC”), including
in the section titled “Risk Factors” in our Annual Report on Form
20-F for the year ended December 31, 2023, on file with the SEC,
the Report on Form 6-K filed on July 17, 2024 and similarly titled
sections in Lilium’s other SEC filings, all of which are available
at www.sec.gov. Forward-looking statements speak only as of the
date they are made. You are cautioned not to put undue reliance on
forward-looking statements, and Lilium assumes no obligation to,
and does not intend to, update, or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
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