AeroVironment, Inc. (NASDAQ:AVAV) today announced the
appointment of Raymond Cook as senior vice president and chief
financial officer, effective immediately. Cook succeeds Teresa
Covington, who has served as interim chief financial officer since
February 5, 2015. Teresa will remain Vice President, Finance. The
company’s announcement follows an extensive search conducted by the
Board of Directors, with the assistance of a leading global
executive search firm, to identify a new chief financial
officer.
Tim Conver, AeroVironment chairman and chief executive officer,
said, “Raymond’s nearly 30 years of financial experience, combined
with high-tech manufacturing expertise, is an ideal fit for
AeroVironment. Following a thorough search, we’re delighted to
welcome Raymond to our executive team, as we continue to strengthen
our market leadership positions, move key programs forward to
generate long-term value, and reinforce our strategic plan. We look
forward to working closely with Raymond to extend our track record
of successfully driving innovation.”
Conver continued, “On behalf of everyone at AeroVironment, I
want to thank Teresa for assuming the additional responsibilities
over the past five months and look forward to benefiting from her
expertise through her continued service at AeroVironment.”
“I am very proud to be affiliated with a company as highly
accomplished, forward-thinking and respected as AeroVironment,”
said Cook. “It’s an honor to be part of a company that is committed
to excellence and customer service.”
About Raymond Cook
Prior to joining AeroVironment, Cook was senior vice president
and chief financial officer at Silicon Image, Inc., a provider of
video, audio and data connectivity solutions for mobile, consumer
electronics and enterprise markets, in Sunnyvale, Calif. In his
role at Silicon Image, Cook served as a financial, business and
strategic adviser to senior management and the board of directors,
and oversaw all areas of financial planning and analysis, including
annual operation planning, accounting, consolidations, SEC
reporting, investor relations, corporate business development and
strategy, treasury, and stock administration for the multi-national
company. Cook previously served as executive vice president and
chief financial officer of STEC, Inc., a leading global
manufacturer of enterprise-class solid-state data storage
solutions, and as vice president, finance and corporate controller
of Mindspeed Technologies, Inc., a developer of semiconductor
solutions for communication applications in wireless networks.
Cook earned his Master’s in Business Administration in Finance
and Bachelor of Science in Accounting degrees from Loyola Marymount
University in Los Angeles, Calif.
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.
Forward-looking Statements
This press release contains "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain words such as
"believe," "anticipate," "expect," "estimate," "intend," "project,"
"plan," or words or phrases with similar meaning. Forward-looking
statements are based on 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 the
forward-looking statements. Factors that could cause actual results
to differ materially from the forward-looking statements include,
but are not limited to, reliance on sales to the U.S. government;
changes in the timing and/or amount of government spending; changes
in the supply and/or demand and/or prices for our products and
services; the activities of competitors; failure of the markets in
which we operate to grow; failure to expand into new markets;
changes in significant operating expenses, including components and
raw materials; failure to develop new products; changes in the
regulatory environment; 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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version on businesswire.com: http://www.businesswire.com/news/home/20150707006528/en/
AeroVironment, Inc.Steven Gitlin+1 (626)
357-9983pr@avinc.comorFor AeroVironment, Inc.Mark Boyer+1 (310)
229-5956mark@boyersyndicate.com
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