Volocopter appoints ex-Lilium CFO as certification slips to 2025

Volocopter has appointed Oliver Vogelgesang as its chief financial officer as the firm repositions its certification expectations to next year.

Effective immediately, Vogelgesang (pictured right) takes over from Christian Bauer, who remains the chief commercial officer. Vogelgesang’s first task will be to steer ongoing fundraising activities, according to Volocopter. 

“I have experienced impactful industry transformations while building my aviation career,” said Vogelgesang. “I strongly believe that the company’s eVTOL technology and market approach will change the ways of electric future mobility. I am delighted to join Volocopter, especially at this stage of proximity in achieving aircraft type certification, to strengthen its financial composition and future-proof its company’s ambitious growth.”

The former Lilium CFO has three decades of finance experience in the aviation technology sector, including a senior leadership position at  Airbus. According to Volocopter, Vogelgesang’s expertise lies in building up strong and international finance teams, business modelling and raising capital for transitioning startups.

Dirk Hoke, CEO of Volocopter said: “The company will be gaining an industry and financial expert who has been successful in binding transactions with multiple stakeholders worldwide. Oliver’s appointment will invigorate our senior management team and support Volocopter’s future growth. Thanks to Christian Bauer who has fortified our financial foundations so that we can move forward.”