Transportation
Vertical Aerospace Overhauls Leadership as CFO Takes on Top Job
A Vertical Vertical Aerospace VX4 eVTOL flying taxi.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Vertical Aerospace elevated its finance chief to the role of chief executive officer, taking over from founder and current CEO Stephen Fitzpatrick as the UK flying taxi company rushes to get a new prototype airborne.
Stuart Simpson will take over from Fitzpatrick with immediate effect, and the company will search for a new chief financial officer, it said in a statement on Wednesday. Fitzpatrick will remain on the board, focusing on business strategy, and Vertical said it also added former Rolls-Royce Holdings Plc strategy chief Ben Story to the panel.