Matthew Lesmeister
Chief Operating Officer @flyExclusive
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WORK HISTORY
Chief Operating Officer @flyExclusive
Executive leader responsible for 670+ employees across Dispatch, Crew Management, Analytics, Customer Service, Maintenance/MRO, IT, and Flight Operations.So far in my capacity as COO:Delivered close to $100M of improved annualized EBITDA performance (from -$19M loss per quarter in Q1’24 to positive $6.6M in Q4’25) driven by enabling better dispatch availability, driving operational efficiency, eliminating waste and maximizing fleet performance. More than doubled Gross Profit (+109%) against 13% higher revenue execution. This was done via improved dispatch availability up 380bps, and improved operational efficiencies.Oversaw a sharp ~70% reduction in Adjusted EBITDA loss, improving from ($35.4M) to ($11.6M) in first half of 2025 vs. 2024 same period, while driving ~13% year-over-year revenue growth to $179.5 M in the same period. Delivered that higher revenue with 10% fewer operating AC indicating uptime efficiency and improved per AC utilization. Enabled launch and realignment of new Jet Club offerings, aircraft additions, and fleet optimization, contributing to increased service reliability.Transformed core functions by deploying process excellence and OKR management across dispatch, scheduling, MX/MRO, and customer service. Improved customer satisfaction score by 20 points YoYLed the integration of Volato into FlyExclusive operations, launching a new Very Light Jet (VLJ) category that required full operational conformity, tailored pilot qualification programs, and cross-functional alignment across scheduling, maintenance, and dispatch to ensure seamless fleet expansion.Expanded MRO revenue by 48% demonstrating a working vertical integration strategy.
EDUCATION
University of Massachusetts Amherst
Master of Business Administration (MBA), MBA
Quinnipiac University
Bachelor of Science (BS), Accounting and Finance
ABOUT MATTHEW LESMEISTER
Matthew Lesmeister is a highly accomplished executive with a proven track record of driving operational excellence, strategic growth, and financial innovation across the private aviation and manufacturing industries. He is known for leading high-performance teams and executing transformative initiatives that deliver measurable business results.Matthew currently serves as Chief Operating Officer at FlyExclusive, one of the nation’s largest private aviation companies, where he leads enterprise-wide operational strategies focused on scalability, service excellence, and sustainable growth. To date operational margins have improved by ~$50M throughout his tenure at the company. Previously, as Chief Financial Officer, he implemented a comprehensive Operating Plan grounded in activity-based analysis, reducing outside finance service fees by $12 million. He also led FlyExclusive through its IPO-related SEC compliance, established an institutional-grade reporting cadence for timely 10-Q filings, and raised $25 million in preferred equity to fuel long-term expansion.Earlier in his career, Matthew held leadership roles at Fox Factory, Inc, where he drove significant revenue growth and operational efficiencies, and at United Technologies Corporation, where he provided strategic financial leadership across diverse business units.Core Competencies: • Executive Leadership & Strategic Planning • Enterprise Scaling & Operational Transformation • Capital Deployment & Fundraising • Mergers & Acquisitions • Financial Planning, Budgeting, & Reporting • Cross-Functional Collaboration & Team Building • Business Development & Growth AccelerationRecognized for his strategic vision, financial discipline, and results-driven leadership, Matthew Lesmeister is a transformative force in high-growth, high-stakes environments.
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