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AeroVironment names COO Nawabi the company's President

Jan. 15, 2016 4:56 PM ETAeroVironment, Inc. (AVAV) StockBy: Eric Jhonsa, SA News Editor1 Comment
  • Wahid Nawabi, less than 9 months removed from being named AeroVironment's (NASDAQ:AVAV) COO, will now also serve as the UAV maker's President. Tim Conver remains chairman/CEO.
  • Conver: "Wahid's effective leadership as chief operating officer has contributed to significant improvements in our focus and operational effectiveness. Wahid will continue to focus on executing our operating plan while taking on a larger role in our strategic planning process to drive continued value creation."
  • The move comes five weeks after AeroVironment delivered a big FQ2 beat. The EPS portion of the beat was fueled in part by spending controls and major gross margin improvement.

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