Eve co-CEO André Stein leaves post

  • After about two years in the position
  • Praise for Stein
  • Johann Bordais taking over
  • Stein will remain as Chief Strategy Officer at Eve
  • Stein kept it short and said 41 words

(exechange) — Melbourne, Florida, July 31, 2023 — André Stein, co-chief executive of Eve, leaves his position. As announced by Eve Holding Inc. in a news release on Monday, July 31, 2023, André Duarte Stein leaves his post as co-chief executive officer at the Brazilian subsidiary of Embraer which produces electric vertical take-off and landing (eVTOL) aircraft and urban air mobility infrastructure, after about two years in the role, effective September 1, 2023.

Eve’s co-CEO Jerry DeMuro will also leave his post effective September 1, 2023.

André Stein’s and Jerry DeMuro’s duties as co-CEOs will be taken over by Johann Bordais, currently President and CEO at Embraer Services & Support, as Chief Executive Officer.

“Increased focus on operations”

Eve did not give an explicit reason for André Stein’s departure from the co-CEO post. Luís Carlos Affonso, Chairman of Eve’s Board, stated: “Now, with the acceleration of our vehicle development and increased focus on operations and entry-into-service of our eVTOL, Johann Bordais’ leadership and experience successfully leading a global business will be an outstanding addition to Eve’s team, helping our mission to create Urban Air Mobility.”

Stein will remain as CSO at Eve

Eve stated: “Andre Stein will assume the role of Chief Strategy Officer at Eve, based in the United States. He will be responsible for defining Eve’s strategy, including commercialization, growth and the development and execution of launch strategies with Eve’s international partners and operators. Stein has over 25 years of experience in the aerospace industry with a focus on sales, product development and market strategy and has nurtured the Urban Air Mobility initiative since its inception, helping to define the industry’s potential use-cases, markets and product characteristics, while contributing to Eve’s spin-off process, NYSE listing and capital raise.”

Share price increase since July 2022

The announcement follows an increase in Eve Holding Inc.’s share price of 36% since July 2022.

In the position of CEO since 2021

André Stein became CEO of the Company in 2021.

André Duarte Stein has served as the Co-Chief Executive Officer of the Company since September 2021.

Stein has 25 years of experience in aviation and has led Embraer’s Urban Air Mobility initiative since its inception.

Stein was one of EmbraerX’s co-founders and has served in various leadership roles at Embraer, spanning Strategy, Product Development, New Business, Market Intelligence and Sales.

He has led Embraer’s Commercial Aviation Product and Market Strategy, throughout the development and market introduction of the E175+, the leader in regional aviation, as well as the award-winning E-Jets E2 family of commercial jets.

Stein has also sponsored Embraer’s first R&D initiatives towards Electric and Autonomous Aviation. Previously, he has led Embraer strategic marketing efforts in Asia Pacific, achieving Embraer’s first commercial and executive jets sales in the region, and later restructuring Sales & Marketing in Latin America to win the region’s market leadership.

Stein graduated from the Northwestern University Kellogg School of Management and is a Mechanical Engineer from the State University of Campinas (UNICAMP).

41 words by André Stein

In the news release announcing his departure as CEO of Eve Holding Inc., André Stein received praise.

In announcing his departure, André Stein kept it short and said 41 words.

“Enormous potential”

André Stein stated: “We believe that the Urban Air Mobility market has enormous potential in the coming years based on an efficient, zero-emissions transport proposition. I will continue to support Eve to reach vehicle type certification, entry-in-service, scale its manufacturing and support operations globally.”

Push-out Score for André Stein’s move determined

The Push-out Score indicates on a scale of 0 to 10 how likely it is that André Stein was pushed out or felt pressure to leave his position.

exechange reached out to Eve and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 32.2023 ($).