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Senior Vice President Mike Bissonette Transitions to Deputy General
Manager
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Bissonette will Focus on Enhancing Operational Performance
MONROVIA, Calif.--(BUSINESS WIRE)--
AeroVironment,
Inc. (NASDAQ: AVAV) today announced that Wahid Nawabi, an
experienced executive from the power technology industry, has joined the
company as senior vice president and general manager of its Efficient
Energy Systems (EES) business segment. AeroVironment's board of
directors approved Nawabi's appointment as an officer of the company,
effective immediately.
Nawabi joins AeroVironment after a 20-year career as an executive with
advanced technology companies in industries spanning clean technology,
industrial/electrical equipment manufacturing, telecom, and energy.
During his 16 years at American Power Conversion (APC), the company's
revenue increased from $50 million to more than $2.4 billion and it
became the world leader in power protection. Nawabi started and led the
Enterprise/Data Center business at APC, growing revenue to $600 million
between 2000 and 2008. He also led C&D Technologies' Americas business.
Nawabi earned his undergraduate degree from The University of Maryland
at College Park in Electrical Engineering, concentrating in Power.
Mike Bissonette will assume the role of senior vice president and deputy
general manager of the EES business segment, and will work closely with
Nawabi. Bissonette will oversee program management, production,
engineering and quality assurance.
"Our Efficient Energy Systems business segment is poised for continued
growth as the demand for electric vehicle solutions accelerates. Wahid
brings a demonstrated ability to grow power technology businesses
profitably to the benefit of customers, employees and stockholders,"
said Tim Conver, AeroVironment chairman and chief executive officer.
"Mike Bissonette's leadership helped to build this growth platform, and
he will now focus on enhancing operational performance to support the
growth opportunities we are working to realize," Conver added.
"AeroVironment has a storied history and track record of introducing
practical innovations that help its customers succeed," said Nawabi.
"The company has established leadership positions in the markets for
electric vehicle test systems, industrial electric vehicle charging
systems and passenger electric vehicle charging solutions. I look
forward to working with Mike and the team to further our market
leadership and to realize the potential for this organization," said
Nawabi.
About AeroVironment, Inc.
AeroVironment is a technology solutions provider that designs, develops,
produces and supports 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. 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; 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 (626) 357-9983
pr@avinc.com
or
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Source: AeroVironment, Inc.
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