Venture capitalist and operating executive brings broad technology experience in consumer services, software, hardware and cybersecurity
MONROVIA, Calif.--AeroVironment, Inc. (NASDAQ:AVAV) today announced that Catharine Merigold has been appointed to its board of directors, effective July 31, 2015. Merigold brings to AeroVironment more than 20 years of venture capital and finance management experience and has spent her career helping turn new technologies into high-growth businesses, including as founder and current managing partner of Vista Ventures, an early state venture capital firm. Merigold will serve on the board’s Audit Committee.
“Catharine’s experience investing in and advising fast-paced technology businesses will provide a valuable perspective to AeroVironment as we continue to advance our growth portfolio in potentially large, emerging markets with significant opportunities,” said Tim Conver, AeroVironment’s chairman and chief executive officer. “Our opportunity set continues to expand and we look forward to benefitting from Catharine’s experience as we position AeroVironment for future success and shareholder value creation.”
The company also announced today that Joseph Alibrandi has retired as a Director of AeroVironment, effective July 31, 2015.
Conver added, “The board of directors and management team have valued Joe Alibrandi’s judgment, insights, and extensive contribution to AeroVironment as a director. The board extends its deepest thanks and appreciation to Mr. Alibrandi for his long service and dedication to the Company and its stockholders.”