eVTOL development company Overair announced today the appointment of Tom Whayne as chief financial officer (CFO). As CFO, Whayne will oversee all financial operations and provide strategic guidance to the company as it continues its path toward commercialization.
Whayne joins OverAir having previously served as chief financial officer of OneWeb, where he led the raise of more than $3 billion of capital to fund the company’s development of a global broadband communications constellation in Low Earth Orbit. Most recently, he was senior vice president and chief strategy officer of Maxar Technologies, an Earth intelligence and space infrastructure company.
“We are immensely proud to welcome Tom to the team,” said Ben Tigner, co-founder and CEO of Overair. “His finance and operating background in orbital platform companies positions him perfectly to help Overair prepare for rapid scaling. Tom’s appointment comes at a pivotal time in our company as we build our full-scale Butterfly prototype.”
In addition to Whayne’s tenure at OneWeb and Maxar, he brings over 20 years of experience as an investment banker. Whayne was a managing director at Credit Suisse First Boston, Morgan Stanley, and Rothschild. He has a bachelor’s degree in economics from Harvard College and a J.D. degree from the University of Virginia School of Law.
Adding Whayne to the team solidifies the strength of Overair’s C-suite and continues the momentum of the company which has made significant progress in the development of its Butterfly aircraft, with full-scale propulsion testing completed in the second quarter of 2022 and current execution of its full-scale prototype program in 2023.
Why it’s important: Overair currently markets the Butterfly as the quietest, most robust and largest-capacity production-eVTOL vehicle and intends for their aircraft to have seating for five passengers and a pilot plus a separate large cargo compartment. The appointment of Tom Whayne will help the company stay its course during capital intensive research and development phases on the road to certification of their eVTOL aircraft.