Lilium N.V. (Nasdaq: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced they have appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024. Johan Malmqvist brings more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies.

Most recently, Johan served as CFO at a premium electric vehicle manufacturer, Polestar Automotive Holding UK PLC (Nasdaq: PSNY) (“Polestar”), where he led the company’s financial organization, including finance, tax, treasury and investor relations. He also played a pivotal role in successfully navigating Polestar through its U.S. public listing and spearheading the company’s capital formation activities. Prior to Polestar, Johan served over seven years as CFO at Dole Food Company (NYSE: DOLE), a global distributor and marketer of fresh fruits and vegetables. During his tenure with Dole, Johan played a critical role in the company’s successful merger with Total Produce and its reemergence as a public company.

Johan succeeds Oliver Vogelgesang, who has been with Lilium since 2021 when he joined as SVP Finance & Controlling.

“We are excited to welcome a seasoned finance executive of Johan’s caliber to the Lilium leadership team,” said Lilium CEO Klaus Roewe. “With his depth and breadth of experience in senior finance and leadership roles at global and public and private companies, Johan is uniquely positioned to help scale Lilium through its next phase of growth, including our 2026 entry into service. We appreciate Oliver’s contributions to Lilium and wish him well in his future endeavors.”

“I am privileged to join Lilium at this paramount time in its corporate journey,” said Johan Malmqvist. “As the company advances from design to industrialization, Lilium is poised to revolutionize regional air travel. I look forward to collaborating with the team to help further articulate Lilium’s distinct story while together we pioneer a more sustainable means of travel.”