Zach Nichols has been promoted to Chief
Accounting Officer
flyExclusive, Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the
“Company”), a publicly-traded provider of premium private jet
charter experiences, today announced the promotion of Matt
Lesmeister to Chief Financial Officer, effective June 25, 2024. The
Company also announced the promotion of Zach Nichols to Chief
Accounting Officer from his previous role as Senior Vice President
of Finance.
Mr. Lesmeister joined the company on May 30, 2024, as Executive
Vice President & Chief of Staff and has 14 years of public
company experience across various finance roles, most recently at
Fox Factory Holding Corp.
“We are excited to have Matt lead us through our next phase of
growth as Chief Financial Officer. His extensive public company
experience will be highly valuable as we continue to add focus and
rigor to our finance department,” said Jim Segrave, CEO and founder
of flyExclusive. “I look forward to working closely with Matt and
Zach to continue executing on our business strategy and delivering
an industry leading experience for our clients.”
Lesmeister served most recently as Vice President,
Transformation and Strategy at Fox Factory Holding Corp., a
publicly traded global leader in the design and manufacturing of
premium products for sport and off-road vehicles.
At Fox Factory, Lesmeister built an FP&A organization from
the ground up with an emphasis on business partnership,
cross-functional collaboration, KPI management and the efficient
deployment of capital resources. Through best practice deployment
and a relentless focus on operational efficiency, Matt spearheaded
a global transformation initiative, integrated multiple
acquisitions, and drove continuous operational improvement.
Prior to joining Fox Factory in 2016, Lesmeister served in
various roles of increasing responsibility at United Technologies
Corporation, an aerospace and defense technology conglomerate.
Lesmeister has an MBA from The University of Massachusetts Amherst
and a bachelor’s degree from Quinnipiac University. He is a
licensed pilot and an aviation enthusiast.
“I was drawn to flyExclusive because it is unlike any other
business in private aviation,” Matthew Lesmeister, CFO of
flyExclusive said. “Because of the company’s vertical integration
strategy, we have full control over what we offer our customers,
and we have a great opportunity to act strategically in the months
ahead as we continue our journey as a publicly-traded company.”
Mr. Nichols joined flyExclusive in 2020 as Financial Controller
and has held roles of increasing responsibility since. Prior to his
time with FlyExclusive, he worked as a Finance Compliance Officer
for a subsidiary of Singapore Technologies Engineering, a publicly
traded global technology and engineering group in the aerospace
industry. Zach started his Finance career in Public Accounting,
serving small to mid-sized businesses with Sullivan, Shearin &
Company. He earned a Master of Accounting from East Carolina
University and Bachelor of Economics and Management from The
University of Alabama.
Segrave also thanked outgoing interim CFO Bill Barnard for his
service to flyExclusive.
“Billy has contributed so much to our company over the last
several years, and he has provided me personally with invaluable
advice. I wish him well in his next step.”
About flyExclusive
flyExclusive is a vertically integrated, FAA-certificated air
carrier providing private jet experiences by offering customers a
choice of on-demand charter, Jet Club, and fractional ownership
services to destinations across the globe. flyExclusive has one of
the world’s largest fleets of Cessna Citation aircraft, and it
operates a combined total of approximately 100 jets, ranging from
light to large cabin sizes. The company manages all aspects of the
customer experience, ensuring that every flight is on a modern,
comfortable, and safe aircraft. flyExclusive’s in-house repair
station, aircraft paint, cabin interior renovation, and avionics
installation capabilities, are all provided from its campus
headquarters in Kinston, North Carolina. To learn more, visit
www.flyexclusive.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections, and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to: risks related to reliance on and the need to hire and
retain key personnel; the ability of the Company to file timely
file its required annual and quarterly reports with the SEC; the
ability of the Company to regain compliance with NYSE American
continued listing standards and maintain the listing of the
Company’s securities on a national securities exchange; the ability
of the Company to comply with covenants under and repay its debt;
the potential dilution of stock ownership by our capital raising
efforts; management of growth; the outcome of any legal
proceedings; volatility of the price of the Company’s securities
due to a variety of factors, including publication of articles
about the Company by third parties, changes in the competitive and
highly regulated industries in which flyExclusive operates,
variations in operating performance across competitors, changes in
laws and regulations affecting flyExclusive’s business; the ability
to implement business plans, forecasts, and other expectations, and
identify and realize additional opportunities; and the risk of
downturns and a changing regulatory landscape in the highly
competitive aviation industry. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of flyExclusive’s registration statement on Form S-1 and
other documents filed by the Company from time to time with the
SEC. These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
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 the Company assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. The Company does not give any assurance that it will
achieve its expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240625833961/en/
Media Contact: Jillian Wilson, Marketing Specialist
media@flyexclusive.com Investor Relations Contact: Sloan
Bohlen, Solebury Strategic Communications
investors@flyexclusive.com
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