Surf Air Mobility Announces Oliver Reeves as Chief Financial Officer
December 27 2023 - 7:30AM
Business Wire
Bryce Van promoted to Chief Accounting Officer;
Deanna White to become Senior Advisor
Surf Air Mobility Inc. (NYSE: SRFM), the air mobility platform
transforming regional flying through electrification, today
announced that Oliver Reeves will join the Company as Chief
Financial Officer. Mr. Reeves will lead the Company’s financial and
capital markets strategies leveraging his nearly two decades of
experience in the investment management, enterprise technology, and
insurance industries. He will start his new role in January, 2024.
Mr. Reeves recently worked at Xinuos, Inc., where he served as the
Chief Strategy Officer since 2019.
“We are very pleased to have Oliver join us on our journey to
electrify regional air mobility,” said Stan Little, CEO of Surf Air
Mobility. “He is a seasoned financial executive with a proven track
record at both the strategic and operational levels. Oliver will
play a pivotal role in steering our financial strategy and
supporting our growth initiatives. His broad strategic expertise
and financial acumen fit very well within our executive team as we
look to the future and continue to pioneer innovations in green
flying.”
Mr. Reeves will succeed Deanna White, who has served as Surf
Air’s Chief Administrative Officer and then as Chief Financial
Officer. Ms. White, who joined Surf Air Mobility in 2021 to help
take the company through its public listing, will become a Senior
Advisor to both Surf Air Mobility and the Surf Air Board of
Directors. Ms. White’s expertise across public company finance and
the airline industry has helped position Surf Air Mobility for
significant future growth.
“Deanna has been a valuable member of our senior executive team,
and her expertise in aviation and aerospace has served us well
these last three years as we brought Surf Air Mobility public,”
said Mr. Little. “We are honored that Deanna will continue to serve
the company full-time as a Senior Advisor, even as she begins to
move toward retirement.”
“I am very excited to join this pioneering company that has
already become a key player in regional air mobility,” said Oliver
Reeves, incoming CFO of Surf Air. “It is an honor to be involved in
the electrification of air travel and to move toward a more
prosperous future for our investors and our customers.”
“Surf Air Mobility is a phenomenal company committed to serving
its customers,” said Ms. White. “I am grateful for the time I’ve
spent here, and I’m excited to continue to serve both the company
and the board of directors as a Senior Advisor.”
The company has also promoted Bryce Van to the role of Chief
Accounting Officer from his current position as Vice President,
Controller.
More About Oliver Reeves
Since 2019, Mr. Reeves has served as Chief Strategy Officer of
Xinuos, Inc., the developer and licensor of the UnixWare and
OpenServer operating systems. Xinuos and its predecessor companies
have provided enterprise customers with operating systems with a
reputation for stability and rock-solid performance in mission
critical contexts for over 40 years. Earlier in his career, prior
to joining Xinuos as an Executive Vice President in 2016, having
consulted with the company since 2014, Mr. Reeves gained investment
experience by holding several asset management positions: first as
an Investment Analyst at Coliseum Capital Management then as a Vice
President at Gerson Global Advisors and finally as a Senior Vice
President at Phoenix Star Capital. Mr. Reeves started his career as
an Associate in the M&A Group at Aon. Mr. Reeves received his
MBA from Columbia Business School where he participated in the
prestigious “Value Investing Program” and graduated Summa Cum Laude
from Babson College.
About Surf Air Mobility
Surf Air Mobility is a Los Angeles-based regional air mobility
platform expanding the category of regional air travel to reinvent
flying through the power of electrification. In an effort to
substantially reduce the cost and environmental impact of flying
and as the operator of the largest commuter airline in the US, Surf
Air Mobility intends to develop powertrain technology with its
commercial partners to electrify existing fleets and bring
electrified aircraft to market at scale. The management team has
deep experience and expertise across aviation, electrification, and
consumer technology.
Forward Looking Statements
The information in this press release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Forward-looking statements include, among
other things, statements about Surf Air Mobility’s ability to
anticipate the future needs of the air mobility market, and future
trends in the aviation industry, generally. In some cases, you can
identify forward-looking statements by terminology such as “may”,
“should”, “could”, “might”, “plan”, “possible”, “project”,
“strive”, “budget”, “forecast”, “expect”, “intend”, “will”,
“estimate”, “anticipate”, “believe”, “predict”, “potential” or
“continue”, or the negatives of these terms or variations of them
or similar terminology. Factors that may cause actual results to
differ materially from current expectations include, but are not
limited to: Surf Air Mobility’s limited operating history and that
Surf Air Mobility has not yet manufactured any hybrid-electric or
fully-electric aircraft; the powertrain technology Surf Air
Mobility plans to develop does not yet exist; any accidents or
incidents involving hybrid-electric or fully-electric aircraft; the
inability to accurately forecast demand for products and manage
product inventory in an effective and efficient manner; the
dependence on third-party partners and suppliers for the components
and collaboration in Surf Air Mobility’s development of
hybrid-electric and fully-electric powertrains, and any
interruptions, disagreements or delays with those partners and
suppliers; the inability to execute business objectives and growth
strategies successfully or sustain Surf Air Mobility’s growth; the
inability of Surf Air Mobility to obtain additional financing or
access the capital markets to fund its ongoing operations on
acceptable terms and conditions; changes in applicable laws or
regulations, and the impact of the regulatory environment and
complexities with compliance related to such environment.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those anticipated in the forward-looking statements. Although Surf
Air Mobility believes that the expectations reflected in the
forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. Surf Air
Mobility cannot guarantee future results, level of activity,
performance or achievements and there is no representation that the
actual results achieved will be the same, in whole or in part, as
those set out in the forward-looking statements and financial
projections. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Surf Air Mobility does not
undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law. Additional information
regarding these and other factors that could affect Surf Air
Mobility’s results is included in Surf Air Mobility’s SEC filings,
which may be obtained by visiting the SEC’s website at www.sec.gov
or the investor relations page at https://investors.surfair.com
under the “Financials—SEC Filings” section. Information contained
on, or that is referenced or can be accessed through, our website
does not constitute part of this document and inclusions of any
website addresses herein are inactive textual references only.
The SEC’s website at www.sec.gov or the investor relations page
on Surf Air’s website at https://investors.surfair.com under the
“Financials—SEC Filings” section. Other information contained on,
or that is referenced or can be accessed through, our website does
not constitute part of this document and inclusions of any website
addresses herein are inactive textual references only.
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Surf Air Mobility: press@surfair.com
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