FlyExclusive makes senior finance appointments

FlyExclusive has made two senior appointments overseeing finances.

Matt Lesmeister became the Chief Financial Officer, and Zach Nichols is now the Chief Accounting Officer.

Lesmeister joined the fifth-largest U.S. charter/fractional operator last month as Executive Vice President & Chief of Staff from Fox Factory Holding Corp.

He replaces Billy Barnard, who served as interim CFO since last year.

Barnard presided during FlyExclusive’s December IPO via a SPAC merger.

Nichols had been SVP of Finance before today’s promotions.

“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 CEO and Founder Jim Segrave.

Segrave added, “I look forward to working closely with Matt and Zach to continue executing our business strategy and delivering an industry-leading experience for our clients.”

Nichols joined the company in 2020 as a Financial Controller and has held roles of increasing responsibility since.

He previously 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.

Segrave also praised his former Interim CFO.

“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,” he said.

Last month, the New York Stock Exchange issued a non-compliance notice to the company for failing to file its Q1 financial results on time.

Its stock, which trades under FlyX, closed at $4.14 per share today.

Shares have traded between $3.39 and $24.21 over the past year.