Joby Aviation (JOBY) Announces CFO Resignation

On December 1, 2024, Matthew Field, Chief Financial Officer of Joby Aviation (NYSE: JOBY), notified the Company that he would be resigning, effective December 13, 2024, for personal reasons. Mr. Field has accepted a position at another company which will allow him to return to the Midwest to be closer to family. Mr. Field’s decision was not related to any disagreement or dispute with the Company.

Following Mr. Field’s resignation, JoeBen Bevirt, the Company’s Chief Executive Officer, will serve as its acting principal financial officer, and Sergei Novikov, the Company’s Controller, will serve as its acting principal accounting officer and treasurer, in each case, effective December 13, 2024.

Mr. Novikov, age 55, has served as the Company’s Controller since June 2021. Prior to that he was with Varian Medical Systems, where he served as Sr. Director, Americas Controller, responsible for accounting and reporting operations in North and South America. He began his accounting career with Price Waterhouse and is a licensed certified public accountant in the state of California.

There are no arrangements or understandings between Mr. Novikov and any other person pursuant to which he was appointed to his position. Mr. Novikov does not have any family relationships with any of the Company’s directors or executive officers, and is not a party to any transactions that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Mr. Field has agreed to provide continued advisory services to the Company to assist with the transition. Until a permanent Chief Financial Officer is hired, the finance team will report to Mr. Bevirt and to Kate DeHoff, the Company’s General Counsel and Corporate Secretary.

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