On April 21, 2023, the Board of Directors of Vertical Aerospace Ltd. agreed to a succession plan, transitioning the chairperson of the Board during the course of 2023. Dmhnal Slattery has served as the Board's chairperson since shortly following the Company's listing on the New York Stock Exchange, assisting with building the Company's Board and supporting the overall strategy, expanding the commercial model and establishing governance frameworks as a newly public company. The Board has appointed Michael Flewitt, currently a non-executive director on the Company's Board, to succeed Mr. Slattery and transition to chairperson, effective immediately upon Mr. Slattery's resignation, which will take effect on December 31, 2023 (the "Transition Date").

Mr. Flewitt is well positioned to guide the Company in its ongoing development and manufacturing endeavours, including its future industrial strategy. Mr. Flewitt is an experienced leader in the world of automotive innovation and manufacturing. Mr. Flewitt served as the CEO of McLaren Automotive for eight years until October 2021 and was instrumental in driving McLaren Automotive's growth to become one of the world's leading luxury supercar brands.

Prior to joining McLaren, Mr. Flewitt spent nine years at Ford as both Vice President, Manufacturing, Ford Europe, and Corporate Officer, Ford Motor Company. Before joining Ford, he held senior manufacturing and operations roles at TWR Group Limited, AutoNova AB (Volvo) and Rolls-Royce and Bentley Motor Cars Limited. Mr. Flewitt is an alumnus of Salford University having qualified in Manufacturing and Mechanical Engineering in 1987, completed a post-graduate qualification in Management and Project Management in 1996 and received an Honorary Doctorate from the institution in 2017.

On April 21, 2023 John Martin, principal financial and accounting officer of the Vertical Aerospace Ltd., notified the Company of his resignation, agreed with the Company to be effective as of May 18, 2023.