AeroVironment Appoints Teresa Covington Chief Financial Officer
December 20, 2016
MONROVIA, Calif.--(BUSINESS WIRE)-- AeroVironment, Inc. (NASDAQ:AVAV) today announced the appointment of Teresa Covington as chief financial officer, effective March 1, 2017. Covington will succeed Raymond Cook, who is resigning as senior vice president and chief financial officer, effective February 28, 2017 due to medical reasons.
Wahid Nawabi, AeroVironment president and chief executive officer, said, "The Board of Directors, our employees and I thank Raymond for his service and appreciate his willingness to support Teresa during this transition."
"Teresa has been a critical member of our leadership team since she joined AeroVironment 5 years ago," Nawabi added. "She has 25 years of financial leadership experience and exceptional industry knowledge, including as interim CFO of AeroVironment. I am excited to work closely with Teresa in her new role as we execute our business strategy to continue driving long-term value for our shareholders, customers and employees."
About Teresa Covington
Since joining AeroVironment in 2011, Teresa Covington has provided financial leadership to AeroVironment and its EES business segment and has served as a senior member of the company's finance team. Covington served as the company's interim chief financial officer from February 5, 2015 to July 7, 2015. 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 global designer and manufacturer of musical instruments 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 Urbana-Champaign.
About AeroVironment, Inc. (AV)
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, tactical missile systems and electric vehicle charging and test systems, and serves militaries, government agencies, businesses and consumers. For more information visit www.avinc.com.
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