Archer Aviation Inc announced that Adam Goldstein has been named sole CEO, as the company prepares for its next phase of growth in the fast-developing urban air mobility market. Brett Adcock, Archer’s co-founder and former co-CEO, will remain on the Company’s Board of Directors. The Company took this step, which it believes will help simplify its operating structure, to drive its flight testing and certification program on its path to commercialization. As one of the most well-capitalized eVTOL companies with a team of world-class engineering and design talent, Archer is strategically positioned to bring urban air mobility to market.
“I want to thank the Board for giving me the leadership opportunity to capitalize on our core strategic advantages that will make urban air mobility an everyday reality here in the U.S,” said Adam Goldstein. “Over the last four years at Archer, the team has worked tirelessly to become a leader in the eVTOL industry. I also want to thank Brett for his partnership and many contributions to Archer along the way.”
“Co-founding and leading Archer was one of the greatest experiences of my life, and I am so proud of the incredible Archer team and their many accomplishments. I am fully committed to the success of Archer,” said Brett Adcock.
“In the past year, Archer has achieved its stated milestones and continued to build out its leading engineering, design and certification teams putting the company in a strategic position for winning,” said Oscar Munoz, a member of Archer’s Board of Directors and Former Chairman and CEO of United Airlines. “Under Adam’s leadership, this management structure will continue to drive the success of the Company.”