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Lilium appoints new chief financial and chief commercial officers

Lilium N.V. has announced today that the Board of Directors has appointed Oliver Vogelgesang as Chief Financial Officer (CFO) and Sebastien Borel as Chief Commercial Officer (CCO) with immediate effect. Oliver Vogelgesang will take over from Geoffrey Richardson, who is stepping down following a successful tenure, including bringing Lilium through a listing on NASDAQ.

According to a company press release:

“Oliver joined Lilium in July 2021 as SVP Finance & Controlling, tasked with building the Controlling and Investor Relations functions. He brings almost 30 years of finance and aerospace experience, most recently serving as Managing Director Finance Airbus Germany and SVP Finance & Controlling of the important Airbus A320 program. During his time in the role, the program became the largest and most financially successful aviation program worldwide. Previously, he spent four years as VP Investor Relations at Airbus Group and held several additional roles in Finance, Program Management, and Restructuring Programs at Airbus. Oliver studied aerospace engineering at TU Munich and holds an MBA from the University of Saarbrücken.

“Sebastien joined Lilium in November 2021 as Vice President, Business and was appointed SVP Commercial in April 2022. Prior to joining Lilium, Sebastien held various key management positions at Honeywell and Airbus in addition to his start-up experience in the US, including at the InfoTrust Group (now Flatirons Solutions). Since his start at Lilium, he has finalized MoUs and binding contracts for orders of more than 600 aircraft. Sebastien attended the French merchant officer academy and holds commercial pilot licenses.

Oliver’s appointment follows the stepping down of Geoffrey Richardson, who joined the company in November 2020 as CFO. Geoffrey was instrumental in Lilium’s fundraising, including taking the company to a successful NASDAQ listing and more recently closing a $119 million capital raise in Q4 2022 from existing shareholders, new investors, and strategic partners.

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