AeroVironment Appoints Douglas E. Scott Senior Vice President and General
*Seasoned Fortune 500 company legal executive with national security,
international, engineering and energy markets expertise
MONROVIA, Calif. -- August 7, 2013
AeroVironment, Inc. (NASDAQ:AVAV) today announced that Douglas E. Scott has
joined the company as senior vice president and general counsel.
Scott comes to AeroVironment with nearly 20 years of experience leading the
legal department of SAIC, Inc., a diversified Fortune 500 company that
provides high-technology services and solutions in the national security,
engineering, health, energy and environmental markets. Most recently, he
served as SAIC’s corporate secretary, supporting SAIC’s board of directors and
the corporation’s governance.
“Doug has a proven track record of building and leading a sophisticated legal
department to support a complex and rapidly scaling business. His diverse
legal expertise and experiences will be invaluable as AeroVironment continues
to execute on its strategic plan to create stockholder value,” said Tim
Conver, AeroVironment chairman and chief executive officer.
Scott’s legal experience includes government contracts, a wide range of
international matters, intellectual property, mergers, acquisitions,
divestitures and strategic transactions, litigation, and employment issues. As
an SAIC executive, his scope of responsibilities included managing internal
audit, and ethics and compliance departments.
Prior to earning his juris doctor degree from the University of California at
Los Angeles in 1984, Scott received a master of business administration degree
from the University of Illinois, Urbana-Champaign in 1981 and is a certified
public accountant. He was a Phi Beta Kappa and graduated magna cum laude with
a bachelor of arts degree in economics from the University of Illinois,
Urbana-Champaign in 1979.
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. 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; our reliance
on sales to the U.S. government; changes in the timing and/or amount of
government spending; changes in the supply and/or demand and/or prices for our
products and services; 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, including our most recent Annual Report on
Form 10-K and Quarterly Reports on 10-Q. 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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Steven Gitlin, +1-626-357-9983
For AeroVironment, Inc.
Mark Boyer, +1-310-229-5956
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