AeroVironment Inc. (NASDAQ: AVAV) announced that Brad Truesdell, Executive Vice President and Chief Operating Officer, has notified the company of his intention to retire from his employment effective upon the appointment of his successor.

Truesdell will continue serving as the company's principal operating officer until his successor is in place and responsibilities have been transitioned, according to the company statement. AeroVironment is currently conducting a search for a new principal operating officer.

Following the end of his employment, Truesdell is expected to serve as a consultant to provide transition and other services as directed by the company's Chief Executive Officer and successor principal operating officer.

The announcement was made on March 12, 2026, according to the company statement.