Lilium appoints new Chief Financial Officer
Munich 19 November 2020: Lilium, the Munich-based aviation company developing an all-electric, vertical take-off and landing aircraft for regional air mobility, today announces the appointment of the company’s new Chief Financial Officer, Geoffrey Richardson. Effective immediately, the former CFO of the leading autonomous car company Cruise will work closely with CEO Daniel Wiegand on the company’s next phase of accelerated growth.
Based in San Francisco, Geoffrey brings with him over 20 years of proven expertise in international finance, M&A, fundraising and operations. During his tenure at Cruise, he raised over $7b of capital in three separate transactions with leading strategic and financial investors. At Cruise, he was responsible for over 800 full time employees and contractors in finance, business development, delivery, fleet operations and infrastructure.
Prior to this Geoffrey was CFO at Kinestral, the next generation dynamic glass company where he oversaw the company’s Series B and Series C funding rounds. Geoffrey scaled Kinestral from research and development to product sales, including building a manufacturing facility in Taiwan. Geoffrey started his career as an Attorney at global law firm Shearman & Sterling and then spent over a decade at Morgan Stanley and Goldman Sachs in various capital market and investment banking roles, focusing on sustainability and electrification.
Commenting on the appointment, Lilium CEO and Co-founder Daniel Wiegand, said: “Geoffrey’s track record with high growth companies combined with long term sustainable vision and strong leadership made him the ideal candidate for this key hire and we are so pleased to be welcoming him to the team. He provides extensive experience in leading the financial operations of a forward-thinking mobility company, perfect for our next phase of growth.”
Commenting on his appointment, Geoffrey said: “I am delighted to be joining the Lilium team at such an exciting inflection point for the business. I believe that Lilium will have a profound impact on how people will move as well as massive environmental benefits and positive societal impact.”
Lilium is bringing to life the vision of air mobility which supplies a network of vertiports across entire regions. The zero-emissions Lilium Jet, powered by 36 all-electric engines, will be capable of traveling up to 300 kilometers in just one hour.
Lilium is an aviation company developing an emissions-free regional air mobility service. It has designed and prototyped the Lilium Jet, a brand-new type of aircraft that will enable it to deliver regional journeys that are considerably faster than rail or road, yet competitive in price. The demonstrator aircraft first flew in 2019 and is a five-seater, fully-electric aircraft that can take-off and land vertically (eVTOL). Lilium expects to service a sizable global market demand by connecting communities at a fraction of the cost of conventional high-speed infrastructure, with zero operating emissions.
Co-founded in 2015 by four visionary engineers, Daniel Wiegand (CEO), Sebastian Born, Matthias Meiner and Patrick Nathen, Lilium has attracted more than $375m in funding from world-class investors such as Atomico, Tencent, Baillie Gifford, LGT, Freigeist and Obvious Ventures. Lilium is headquartered in Munich and currently employs more than 600 people.Find out more at www.lilium.com, or follow us on Twitter, Facebook, LinkedIn, Instagram, Medium.