Jikun Kim Leaving Company to Pursue Other Opportunities
MONROVIA, Calif.--(BUSINESS WIRE)--
Inc. (AV) (NASDAQ:AVAV) today announced the appointment of
Teresa Covington as interim chief financial officer, effective
immediately, until a permanent replacement has been selected and
appointed. Covington succeeds Jikun Kim, who has resigned as senior vice
president and chief financial officer.
"While decisions like this are never easy, I believe now is the right
time," said Jikun Kim. "Working with the AeroVironment team has been a
tremendous personal and professional experience for me. Most rewarding
has been helping to position the company for long-term growth. I am
confident AeroVironment will achieve continued success."
Tim Conver, AeroVironment chairman and chief executive officer, said,
"Jikun Kim has contributed in many ways to AeroVironment's progress and
we are now stronger, more diversified and better positioned to achieve
our growth potential than when Jikun joined in 2010. The Board of
Directors, our employees and I thank Jikun for his service and wish him
the best in his future endeavors."
Kim is leaving the company to pursue other business opportunities. His
departure is unrelated to any issues regarding financial disclosures,
accounting or legal matters. AeroVironment is working with a leading
global executive search firm to identify and evaluate qualified
candidates to serve as chief financial officer.
About Teresa Covington
Since joining AeroVironment in 2011, Teresa Covington has provided
financial leadership for AeroVironment's EES business segment and has
served as a senior member of the company's finance team. Covington's
responsibilities included financial analysis, planning, accounting,
credit and collections as well as launching and leading a new product
line management organization.
Prior to joining AeroVironment, Covington served as senior vice
president and chief financial officer at Line 6, a $100 million annual
revenue musical instruments company now part of Yamaha. Covington earned
her master's in business administration from Stanford University
Graduate School of Business, a master's in electrical engineering from
the University of Southern California and a Bachelor of Science in
electrical engineering from the University of Illinois at
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.
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Reform Act of 1995. These statements are made on the basis of current
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our most recent Annual Report on Form 10-K and Quarterly Reports on
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Source: AeroVironment, Inc.
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