Patrick Thévoz

Co-founder and CEO of Flyability, a specialist in indoor drones for professional use, devices designed to enhance efficiency while also improving the safety of workers when carrying out inspections on industrial sites. Under the management of Patrick Thévoz, Flyability has grown from a staff of two to over 80, and has acquired in excess of 450 clients. Prior to founding Flyability, Patrick Thévoz was a strategy consultant specializing in the launch of products for the life sciences sector. He is a graduate in engineering from EPFL (Swiss Federal Institute of Technology in Lausanne).

Watch an extract from the interview

What were the challenges for which you were the least well prepared?

Personally, what I fear most are the psychological effects on employees in the medium term. They have coped very well with the effects of the emergency and the panic, but I worry that certain of them may break down in a few weeks’ time. Having progressively increased the number of persons permitted to come to work in the office, we do not wish to compel anybody to do so. Today, anybody can return with advance notice, but some prefer to remain at home. We are attempting to move from a world in which the office was the norm to a world in which remote working will become the new norm, with the understanding that this could have negative effects on some employees who would function as consultants and could result in an “Uberization of the workforce”. In addition, we have invested in superb offices with a terrace and a view of the lake. We have integrated some new arrivals during the lockdown, and assimilating the corporate culture is not as easy from a distance.

Beware of the psychological effects on employees in the medium term.
Patrick Thévoz
Co-founder and CEO of Flyability

What have you done in order to preserve or strengthen your personal resilience? How has the lockdown changed your own way of working?

I spent the lockdown in a two-room apartment in Lausanne with my partner who was also working remotely via telephone conferences. I myself initially had more of a directing role with our staff in order to establish the rules. I wanted to set a good example. My co-founder, Adrien, pays more attention to encouraging the creativity of the staff, while I have a more supervising approach, and this balance really does work very well. In addition, working from home means eating better, exercising more and being less stressed, because you are not constantly being interrupted.

What do you miss most about the pre-crisis era?

For very international people like us, it is agonizing to accept that you cannot leave the country. In the short term, you adapt very well, but if you are an explorer at heart, not being able to cross borders is anxiety-provoking.

If your video conference tool had a “time machine” function, what key message would you send yourself in 2019?

We all knew that the situation would not last forever and that it would become more difficult to raise funds, for example. We were expecting more of an economic crisis. But I would not necessarily leave a message, and if at all, it would be a message of encouragement: “Go on, you can do it.”

There is a saying that every crisis is a time of opportunity. Do you agree?

Yes, the world has changed. Marketing methods have been turned upside down: no more trade fairs, people have been averse to telephone calls because they were at home, but at the same time, long articles and webinars have been very successful, as these forms of communicating with clients have been used ten times more than normally. Our portfolio was already aimed at enhancing the safety of workers while at the same time reducing costs using robotics in particular—and after all, we are responding to needs that are of even greater relevance now than before the crisis. Put simply, projects with some clients will take longer. Nevertheless, we hope to register slight growth in the 2020 financial year.

Marketing methods have been turned upside down.
Patrick Thévoz
Co-founder and CEO of Flyability

How would you describe the “new normal?”

I would say that we haven’t discovered it yet. But the things that have enabled us to get where we are now will not be driving our growth in the future. My three pieces of advice would be: 1) Take nothing for granted; we need to constantly reinvent ourselves. 2) Adapt very quickly and continuously to new challenges. 3) Being able to call things into question fundamentally is something that we must retain.

Have you been inspired by this article?

More interviews and articles from the #EYnewnormal magazine

Our latest thinking

Here you’ll find the most relevant EY insights to help you navigate through the COVID-19 crisis – and beyond:

11 June 2021

IBOR Transition: Regulatory and industry-led market developments in May 2021
The transition from Interbank Offered Rates (IBOR) to Alternative Risk-Free Rates (RFRs) has an impact on all financial and non-financial institutions operating with the impacted floating reference rates. It affects a wide range of financial instruments on the derivative and cash markets.

10 June 2021

Entry into force of the revised Insurance Contract Act (VVG) on 1 January 2022 – overcoming challenges and exploiting opportunities
The Federal Council has decided that the revised Insurance Contract Act will enter into force on 1 January 2022. Insurance companies have until the end of this year to make the necessary adaptations, whereby careful assessment and implementation of the new requirements are fundamental.

17 May 2021

Valuation Market Essentials Switzerland Q1 2021
How did the market and M&A activity develop in the first quarter of 2021 considering high degree of uncertainty and strong volatility in the stock market in 2020?

7 May 2021

COVID-19 | Emissionsabgaberechtliche Aspekte bei Sanierungen
Aufgrund der aktuellen Situation geraten mehr und mehr Unternehmen in finanzielle Schieflage. Dies führt häufig zu Unterbilanzen und zur Notwendigkeit von Sanierungsmassnahmen i.S.v. Art. 725 OR.

Are you our next interview partner?

The New Normal Magazine is open for thought leaders and decision makers.

Contact us