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:

Dirk Hoke, former CEO of Airbus Defence and Space, has been appointed as the new CEO of German air taxi startup Volocopter, effective September.
Hoke succeeds Florian Reuter, who significantly grew Volocopter over seven years, and is expected to leverage his experience to lead the urban air mobility (UAM) industry.
Volocopter is well-funded with over $579 million raised, has completed more than 1,000 test flights, and aims to launch UAM services by 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.