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Experienced director with consumer, industrial and finance background
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Seasoned executive with deep management, functional and operational
experience
MONROVIA, Calif.--(BUSINESS WIRE)--
AeroVironment,
Inc. (NASDAQ:AVAV) today announced that Stephen F. Page has been
appointed to its board of directors, effective April 24, 2013. Page was
also appointed to the board's Audit Committee.
Page most recently served on the corporate boards and audit committees
of Lowe's Companies, Inc., PACCAR, Inc., and Liberty Mutual Holding
Company Inc., where he was lead director, and on the board of trustees
at Loyola Marymount University. He chaired the audit committees at
PACCAR and Lowe's. Page currently serves as a trustee of Mount St.
Mary's College and the Catholic Education Foundation.
After receiving his bachelor's degree in Business Administration from
Loyola Marymount University in 1962, Page began his career as an
accountant at Deloitte & Touche LLP and then earned his Juris Doctor
degree at Loyola Law School in 1968. He spent the next 20 years with
Black & Decker, first as general counsel for its McCullough Corporation
subsidiary, then as treasurer, and finally as executive vice president
and chief financial officer, at the company's corporate headquarters in
Towson, Md. Following Black & Decker, Page served in many leadership
roles at United Technologies Corporation, including director, vice
chairman, chief financial officer and president and chief executive
officer of Otis Elevator, an $8 billion division of the company, before
retiring in 2004.
"Stephen's wealth of leadership success in consumer, industrial, and
global businesses will provide a unique and valuable perspective across
AeroVironment's increasingly diverse business activities," said Tim
Conver, AeroVironment's chairman and chief executive officer. "As a
technology company that creates and sells products and services to
consumers, businesses and government agencies with increasingly
international scope, Stephen's vast expertise across these areas will be
invaluable as AeroVironment expands in each of these markets."
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.
Agencies of the U.S. Department of Defense and allied military services
use the company's electric-powered, hand-launched
unmanned aircraft systems extensively to provide situational
awareness to tactical operating units through real-time, airborne
reconnaissance, surveillance and communication. Multiple government
agencies have helped to fund the development and demonstration of Global
Observer®, a hybrid-electric,
stratospheric UAS designed to provide affordable, persistent
reconnaissance and communication over any location on the globe. Switchblade™
is a loitering munition designed to provide a rapid, lethal, pinpoint
precision strike capability with minimal collateral damage.
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.
Additional AeroVironment News: http://www.avinc.com/resources/news
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AeroVironment, Inc.
Steven Gitlin
+1 (626) 357-9983
pr@avinc.com
or
For
AeroVironment, Inc.
Mark Boyer
+1 (310) 229-5956
mark@boyersyndicate.com
Source: AeroVironment, Inc.
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