AeroVironment Appoints Kevin McDonnell as Chief Financial Officer
January 23 2020 - 4:30PM
Business Wire
AeroVironment, Inc.
(NASDAQ:AVAV), a global leader in unmanned aircraft systems (UAS),
today announced the appointment of Kevin McDonnell as senior vice
president and chief financial officer, effective February 10,
2020.
"We welcome Kevin McDonnell to the AeroVironment team as senior
vice president and CFO,” said Wahid Nawabi, AeroVironment president
and chief executive officer. “Kevin’s extensive leadership and CFO
experience across diverse industries give him unique insights and
perspectives that will support AeroVironment’s continued growth and
success. Generating value for shareholders remains our top
priority, and we look forward to working closely with Kevin to
deliver on this objective.”
“I am excited to join AeroVironment at this exciting time in the
company’s history,” said Mr. McDonnell. “The AeroVironment team has
generated significant value for its shareholders, with a
demonstrated track record of strong, profitable growth. I look
forward to working with Wahid and the rest of the leadership team
to enhance the company's financial and operational
performance."
Brian Shackley, who served as interim chief financial officer
during this extensive search, will remain vice president and
controller.
Mr. Nawabi continued, “We thank Brian for taking on the
additional role of interim CFO throughout the search process, and
look forward to continuing to benefit from his expertise and
leadership as a key member of our team.”
About Kevin McDonnell
Prior to joining AeroVironment, Mr. McDonnell served as chief
financial officer of JAMS, Inc., which provides alternative dispute
resolution services. During his tenure at JAMS, Mr. McDonnell
helped the company nearly double its revenue and more than double
its EBITDA. Mr. McDonnell brings more than 30 years of experience
in financial, IT and HR leadership roles, including serving as
chief financial officer for companies in the technology, automotive
and health industries. Most notably, Mr. McDonnell held various
senior financial roles at Teradata Corporation during its
high-growth phase, where the company grew from $3 million to $300
million in revenue and expanded globally into Europe and Asia. Mr.
McDonnell also served as CFO of Digital Insight, where he was
instrumental in significantly growing its annual revenue, taking
the company public and leading three acquisitions.
Mr. McDonnell earned his J.D. at Loyola Law School and graduated
cum laude with a Bachelor of Arts degree in Business Administration
from Loyola Marymount University.
About AeroVironment, Inc.
AeroVironment (NASDAQ: AVAV) provides customers with more
actionable intelligence so they can proceed with certainty. Based
in California, AeroVironment is a global leader in unmanned
aircraft systems and tactical missile systems, and serves defense,
government, and commercial customers. For more information visit
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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AeroVironment, Inc. Steven Gitlin +1 (805) 520-8350
ir@avinc.com
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