Volocopter Selects Former Airbus Exec Dirk Hoke as New CEO

German electric aircraft developer says it is moving closer to production.

Tuesday, March 08, 2022 at 05:42 PM ET

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Volocopter said in a release that incoming CEO Dirk Hoke “brings extensive experience in leading big tech entities within Airbus and Siemens from a technical, strategic, and commercial side.” [Courtesy: Volocopter]

Key Takeaways:

German air taxi startup Volocopter has appointed Dirk Hoke, former CEO of Airbus Defence and Space, as its new CEO starting in September.
Hoke succeeds Florian Reuter, who significantly grew the company over seven years, and brings extensive experience to lead Volocopter in the urban air mobility (UAM) industry.
Volocopter has completed over 1,000 test flights and raised more than $579 million, including a recent $170 million Series E funding round.
The company aims to launch its UAM services in time for the 2024 Paris Olympics.

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German air taxi startup Volocopter has selected Dirk Hoke, former CEO of Airbus Defence and Space, to be its new CEO, starting in September.

Hoke will succeed Florian Reuter, who announced Tuesday he is stepping down this fall, according to a news release. Reuter has led the company for the past seven years. In that time the company has grown “from a five-person start-up to a 500-strong global company,” Volocoter said.