Agility Robotics Appoints Michael Beer as CFO

Insider Brief

• Agility Robotics appointed Michael Beer as chief financial officer as the humanoid robotics company prepares for its planned public listing through a business combination with Churchill Capital Corp XI.
• Current CFO and COO Jennifer Hunter will move into a dedicated chief operating officer role, overseeing global operations, manufacturing and supply chain.
• Agility said the leadership changes separate finance and operations as it scales Digit deployments and prepares for a deal expected to provide more than $620 million in gross proceeds.

Agility Robotics appointed Michael Beer as chief financial officer as the humanoid robotics company prepares for its planned public listing through a business combination with Churchill Capital Corp XI.

According to Agility, current CFO and COO Jennifer Hunter will move into a dedicated chief operating officer role. Hunter will oversee global operations, manufacturing and supply chain as the company scales production and customer deployments.

Beer will lead Agility’s finance organization, including capital markets, financial planning and analysis, accounting, treasury and investor relations.

He previously served as chief financial officer and head of corporate services at Energy Vault Holdings. Earlier in his career, he held senior finance roles at technology companies and spent more than a decade as an equity research analyst covering transportation, logistics and infrastructure at Citigroup, Wolfe Research and Bear Stearns.

Agility said the leadership changes are intended to separate finance and operations as the company prepares to operate as a public company and expand commercial deployments.

Agility’s previously announced combination with Churchill Capital Corp XI is expected to provide more than $620 million in gross proceeds. The company’s investors and partners include Nvidia, Amazon, SoftBank Vision Fund 2, Schaeffler, Foxconn, Abico, DCVC and Playground Global.

Image credit: Michael Beer