AeroVironment, Inc. Appoints Catharine Merigold to Board of Directors
August 06 2015 - 4:30PM
Business Wire
- Venture capitalist and operating
executive brings broad technology experience in consumer services,
software, hardware and cybersecurity
AeroVironment, Inc. (NASDAQ:AVAV) today announced that Catharine
Merigold has been appointed to its board of directors, effective
July 31, 2015. Merigold brings to AeroVironment more than 20 years
of venture capital and finance management experience and
has spent her career helping turn new technologies into
high-growth businesses, including as founder and current
managing partner of Vista Ventures, an early state venture capital
firm. Merigold will serve on the board’s Audit Committee.
“Catharine’s experience investing in and advising fast-paced
technology businesses will provide a valuable perspective to
AeroVironment as we continue to advance our growth portfolio in
potentially large, emerging markets with significant
opportunities,” said Tim Conver, AeroVironment’s chairman and chief
executive officer. “Our opportunity set continues to expand and we
look forward to benefitting from Catharine’s experience as we
position AeroVironment for future success and shareholder value
creation.”
The company also announced today that Joseph Alibrandi has
retired as a Director of AeroVironment, effective July 31,
2015.
Conver added, “The board of directors and management team have
valued Joe Alibrandi’s judgment, insights, and extensive
contribution to AeroVironment as a director. The board extends its
deepest thanks and appreciation to Mr. Alibrandi for his long
service and dedication to the Company and its stockholders.”
About Catharine Merigold
Merigold founded and serves as the managing partner of Vista
Ventures, a venture capital firm specializing in investing in
software, digital media and network sectors. Prior to founding
Vista Ventures in 2000, Merigold served as the president and chief
executive officer of University Technology Corporation, a company
that managed all technology transfer and associated equity holdings
for the University of Colorado system, from 1999 to 2000, and as
Vice President of Marketing and Sales for US West. Previously,
Merigold served as the founding chief executive officer of
Centennial Security, Inc., a security services company. She also
served as a Vice President of Centennial Ventures, a venture
capital firm, from 1992 to 1994. Merigold began her career at
Hewlett‐Packard Company, serving in a variety of technical,
marketing and sales management roles, including several years spent
in Europe. Merigold served on a number of corporate boards and
currently serves as a board observer for Market Force Information,
Inc., a provider of customer intelligence solutions to large
consumer companies, and as a board member of P2Binvestor, Inc., a
crowdlending platform providing asset based lines of credit to
businesses, the Colorado Technology Association and University
License Equity Holdings Inc. (ULEHI), which manages all
the equity holdings associated with technology transfer
for the University of Colorado. Merigold earned a
Bachelor of Science in electrical engineering from the University
of Washington in St. Louis and a Master of Business Administration
from Stanford University.
About AeroVironment, Inc.
AeroVironment is a technology solutions provider that designs,
develops, produces, supports and operates an advanced portfolio of
Unmanned Aircraft Systems (UAS) and electric transportation
solutions. The company’s electric-powered, hand-launched unmanned
aircraft systems generate and process data to deliver powerful
insight, on-demand, to people engaged in military, public safety
and commercial activities around the world. AeroVironment’s
electric transportation solutions include a comprehensive suite of
electric vehicle (EV) charging systems, installation and network
services for consumers, automakers, utilities and government
agencies, power cycling and test systems for EV developers and
industrial electric vehicle charging systems for commercial fleets.
More information about AeroVironment is available at
www.avinc.com.
Safe Harbor Statement
Certain statements in this press release may constitute
"forward-looking statements" as that term is defined in the Private
Securities Litigation Reform Act of 1995. These statements are made
on the basis of current expectations, forecasts and assumptions
that involve risks and uncertainties, including, but not limited
to, economic, competitive, governmental and technological factors
outside of our control, that may cause our business, strategy or
actual results to differ materially from those expressed or
implied. Factors that could cause actual results to differ
materially from the forward-looking statements include, but are not
limited to, our ability to perform under existing contracts and
obtain additional contracts; changes in the regulatory environment;
the activities of competitors; failure of the markets in which we
operate to grow; failure to expand into new markets; failure to
develop new products or integrate new technology with current
products; and general economic and business conditions in the
United States and elsewhere in the world. For a further list and
description of such risks and uncertainties, see the reports we
file with the Securities and Exchange Commission. We do not intend,
and undertake no obligation, to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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