Lilium Welcomes Aerospace Industry Veteran Philippe Balducchi to Board of Directors
Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer, announced changes to its Board of Directors. Philippe Balducchi, currently Group CFO of KNDS, is proposed to join as a non-executive member, pending approval at the EGM on September 18, 2024. Balducchi brings extensive aerospace experience from his 20-year career at Airbus, including roles as CEO of Airbus Canada and overseeing the A220 program. Barry Engle and Henri Courpron, current non-executive directors, will not seek re-appointment. Engle, who joined in 2021, was instrumental in Lilium's NASDAQ listing and chaired the Audit Committee. Lilium Chairman Tom Enders praised Balducchi's strategic insights and experience, while acknowledging the contributions of Engle and Courpron in Lilium's growth from startup to mature aerospace company.
Lilium N.V. (Nasdaq: LILM), un importante produttore di aerei elettrici, ha annunciato cambiamenti nel suo Consiglio di Amministrazione. Philippe Balducchi, attualmente CFO del Gruppo KNDS, è proposto per unirsi come membro non esecutivo, in attesa dell'approvazione nell'EGM del 18 settembre 2024. Balducchi porta con sé un'ampia esperienza nel settore aerospaziale derivante dalla sua carriera ventennale in Airbus, inclusi ruoli come CEO di Airbus Canada e supervisore del programma A220. Barry Engle e Henri Courpron, attuali amministratori non esecutivi, non cercheranno il rinnovo dell'incarico. Engle, che si è unito nel 2021, è stato fondamentale per la quotazione di Lilium al NASDAQ e ha presieduto il Comitato di Revisione. Il presidente di Lilium, Tom Enders, ha lodato le intuizioni strategiche e l'esperienza di Balducchi, riconoscendo anche i contributi di Engle e Courpron nella crescita di Lilium da startup a azienda aerospaziale matura.
Lilium N.V. (Nasdaq: LILM), un destacado fabricante de aviones eléctricos, anunció cambios en su Junta Directiva. Philippe Balducchi, actualmente CFO del grupo KNDS, se propone para unirse como miembro no ejecutivo, a la espera de la aprobación en la Junta General Extraordinaria el 18 de septiembre de 2024. Balducchi aporta una extensa experiencia en la industria aeroespacial, acumulada durante su carrera de 20 años en Airbus, incluyendo cargos como CEO de Airbus Canada y supervisando el programa A220. Barry Engle y Henri Courpron, actuales directores no ejecutivos, no buscarán su reelección. Engle, quien se unió en 2021, fue fundamental en la cotización de Lilium en NASDAQ y presidió el Comité de Auditoría. El presidente de Lilium, Tom Enders, elogió las perspectivas estratégicas y la experiencia de Balducchi, al tiempo que reconoció las contribuciones de Engle y Courpron en el crecimiento de Lilium de startup a compañía aeroespacial consolidada.
Lilium N.V. (나스닥: LILM), 선도적인 전기 비행기 제조업체가 이사회 변경을 발표했습니다. 필리프 발두키는 현재 KNDS의 그룹 CFO로, 2024년 9월 18일의 임시 총회에서 승인을 기다리며 비상근 이사로 합류할 것이 제안되었습니다. 발두키는 항공우주 산업에서의 20년 경력을 바탕으로 한 폭넓은 경험을 가지고 있으며, 에어버스 캐나다의 CEO와 A220 프로그램 감독 역할을 포함합니다. 현재 비상근 이사인 배리 잉글과 앙리 쿠르프롱은 재임을 희망하지 않습니다. 2021년에 합류한 잉글은 Lilium의 NASDAQ 상장에 중요한 역할을 했으며 감사위원회를 주재했습니다. Lilium의 회장 톰 엔더스는 발두키의 전략적 통찰력과 경험을 높이 평가하며, Lilium이 스타트업에서 성숙한 항공우주 기업으로 성장하는 데 기여한 잉글과 쿠르프롱의 공로를 인정했습니다.
Lilium N.V. (Nasdaq: LILM), un fabricant leader d'avions électriques, a annoncé des changements au sein de son Conseil d'Administration. Philippe Balducchi, actuellement CFO du groupe KNDS, est proposé pour rejoindre le conseil en tant que membre non exécutif, sous réserve de l'approbation lors de l'AGE du 18 septembre 2024. Balducchi apporte une vaste expérience dans le secteur aérospatial grâce à sa carrière de 20 ans chez Airbus, y compris les postes de PDG d'Airbus Canada et de superviseur du programme A220. Barry Engle et Henri Courpron, actuels administrateurs non exécutifs, ne chercheront pas à être réélus. Engle, qui a rejoint en 2021, a joué un rôle clé dans la cotation de Lilium sur le NASDAQ et a présidé le Comité d'Audit. Le Président de Lilium, Tom Enders, a salué les perspectives stratégiques et l'expérience de Balducchi, tout en reconnaissant les contributions d'Engle et de Courpron à la croissance de Lilium, passant de start-up à entreprise aérospatiale établie.
Lilium N.V. (Nasdaq: LILM), ein führender Hersteller von Elektroflugzeugen, gab Änderungen im Vorstand bekannt. Philippe Balducchi, derzeit CFO der KNDS-Gruppe, wird vorgeschlagen, als nicht-executives Mitglied beizutreten, vorbehaltlich der Genehmigung auf der außerordentlichen Hauptversammlung am 18. September 2024. Balducchi bringt umfassende Erfahrungen aus dem Luft- und Raumfahrtsektor aus seiner 20-jährigen Karriere bei Airbus mit, einschließlich der Positionen als CEO von Airbus Kanada und der Überwachung des A220-Programms. Barry Engle und Henri Courpron, derzeitige nicht-executive Direktoren, werden sich nicht um eine Wiederernennung bewerben. Engle, der 2021 beigetreten ist, war entscheidend für die NASDAQ-Notierung von Lilium und war Vorsitzender des Prüfungsausschusses. Der Vorsitzende von Lilium, Tom Enders, lobte Balducchis strategische Einblicke und Erfahrungen und erkannte die Beiträge von Engle und Courpron beim Wachstum von Lilium vom Start-up zum etablierten Luft- und Raumfahrtunternehmen an.
- Addition of Philippe Balducchi, an experienced aerospace executive, to the Board of Directors
- Balducchi's extensive experience in managing large-scale operations in aerospace and defense sectors
- Balducchi's background as former CEO of Airbus Canada and overseer of A220 program ramp-up
- Departure of two experienced board members, Barry Engle and Henri Courpron
- Loss of Barry Engle as Audit Committee Chair
- Philippe Balducchi is CFO of KNDS, one of Europe’s largest defense companies
- Previously: CEO of Airbus Canada, Head of Bombardier C-Series/A220 integration, CFO of Airbus North America
- Appointment due at EGM on September 18, 2024
MUNICH, Sept. 12, 2024 (GLOBE NEWSWIRE) -- 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:
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+49 172 489 0353
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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.
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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