Archer appoints Mark Mesler as CFO

PALO ALTO, Calif.–(BUSINESS WIRE)–Archer Aviation Inc. (NYSE:ACHR) today announced the appointment of Mark Mesler as the company’s Chief Financial Officer.

Following the company’s public debut on the NYSE in 2021, Mark will lead all aspects of Archer’s financial operations, including investor relations, financial planning and analysis, treasury, accounting and operations finance. . His immediate focus will be to ensure the company’s product development and manufacturing roadmaps are supported by strong financial planning and cash management strategies. He will also provide critical focus to strengthen Archer’s relationships with investors and research analysts and grow its cutting-edge finance team.

After spending more than 11 years at Bloom Energy, Mark helped lead the company’s IPO on the New York Stock Exchange in July 2018. During his tenure at Bloom, he was responsible for the closing of all equity and debt financings prior to the company’s IPO, in addition to scaling the finance team and supporting infrastructure as the company transitions to the public markets . Most recently, Mark served as Chief Financial Officer at Volansi, where he provided strategic and financial leadership for the standalone drone technology and logistics company. Additionally, Mark previously served as Chief Financial Officer and Vice President of Operations at Aquest Systems and Chief Financial Officer at KLA-Tencor.

“I have spent much of my career advancing the application of clean energy, so joining Archer, with its clear vision to enable sustainable air mobility, is a natural fit for me. Having recently developed the finance infrastructure at a company that is transforming the logistics industry with VTOL drone technology, I am now excited to transition into the consumer eVTOL aircraft market to scale the finance function as the company enters its next growth and development phase,” said Mark Mesler, Chief Financial Officer of Archer. “eVTOL’s potential to change the way people live and travel is about to become a reality, and I look forward to take on the challenge of managing the company’s financial resources to achieve this vision.”

“Having completed our first successful test flight in December 2021, Archer is entering its next critical phase of development and the addition of Mark to our leadership team adds considerable strength to our ability to execute our implementation strategy. on the market. As a seasoned veteran in senior strategic financial roles in the sustainable energy and aerospace sectors, Mark will bring a very sharp perspective that will help us drive growth in the most profitable way,” said Brett Adcock, co-founder and co-founder of Archer. CEO.

“Mark’s track record in scaling new public ventures will be an important asset for Archer as we move quickly and efficiently towards our key business milestones in 2022 and beyond,” added Adam Goldstein, co-founder. and co-CEO of Archer. “His operations-focused focus, combined with his track record of financial performance by partnering with functional and business unit management teams, will contribute to our success. Having someone like Mark on board with his deep understanding of the challenges we face with sustainability and urban air mobility is definitely a big win for us.

Mark graduated with highest honors from Penn State University with a BS in Finance and holds an MBA in Finance from Carnegie Mellon University’s Tepper School of Business. Mark replaces Ben Lu, who will remain a consultant for Archer as Mark transitions into his role.

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About Archer

Archer’s mission is to advance the benefits of sustainable air mobility. Archer’s goal is to move people around the world’s cities quickly, safely, sustainably and cost-effectively. Archer designs and develops electric vertical take-off and landing aircraft for use in urban air mobility networks. Archer’s team is based in Palo Alto, California. To learn more, visit www.archer.com.

Source: Archer

Text: ArcherIR

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