Lilium has announced that it has appointed Johan Malmqvist as Chief Financial Officer (CFO) in succession to Oliver Vogelgesang. Vogelgesang joined Lilium in 2021 as SVP of Finance and Controlling. Malmqvist, who will take up his new role on 1 April, has more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies.
Most recently, Malmqvist served as CFO at a premium electric vehicle manufacturer, Polestar Automotive Holding UK PLC (Nasdaq: PSNY) (“Polestar”), where he led the company’s financial organisation, including finance, tax, treasury and investor relations. He also played a pivotal role in successfully navigating Polestar through its US public listing and spearheading the company’s capital formation activities. Doubtless experience that will be useful as Lilium, while freed from an immediate threat of de-listing thanks to its December share price rally, struggles to maintain a share price above US$ 1.00 in accordance with NASDAQ exchange rules.
Commenting on the announcement, Lilium CEO Klaus Roewe said, “We are excited to welcome a seasoned finance executive of Johan’s calibre to the Lilium leadership team. With his depth and breadth of experience in senior finance and leadership roles at global, 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 endeavours.”
