Unmanned aircraft systems (UAS) provider AeroVironment Inc. has appointed Teresa Covington chief financial officer (CFO).
Based in Monrovia, Calif., AeroVironment makes UAS, tactical missile systems, and electric vehicle charging and test systems. Most recently, the company unveiled the Quantix consumer drone and cloud-based data analytics platform. Earlier this month, AeroVironment also announced a yearlong study with California State University, Fresno, to research how UAS imagery and analytics could potentially detect varying levels of water stress in almond trees in California.
Covington, who will take over as CFO on March 1, 2017, will succeed Raymond Cook, who is resigning as senior vice president and CFO due to medical reasons.
Since joining AeroVironment in 2011, Covington has served as a senior member of the company’s finance team. She also served as the company’s interim CFO 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 CFO at Line 6, which is now part of Yamaha.
“Teresa has been a critical member of our leadership team since she joined AeroVironment five years ago,” says Wahid Nawabi, CEO and president of the company. “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.”