Attached files
| file | filename |
|---|---|
| EX-10.1 - AEROJET ROCKETDYNE HOLDINGS, INC. | ex101to8k07319_01062010.htm |
| 8-K - AEROJET ROCKETDYNE HOLDINGS, INC. | form8k07319_01062010.htm |
Exhibit 99.1
News
Release
For
Immediate Release
GenCorp
Announces Appointment of President and CEO
SACRAMENTO, Calif. – January 6, 2010
- GenCorp Inc. (NYSE: GY) announced that effective today, J. Scott Neish
resigned from his positions as Interim President and Interim Chief Executive
Officer of GenCorp Inc. (“the Company”) and President of Aerojet-General
Corporation.
Also effective, January 6, 2010, the
Company entered into an employment agreement with Scott Seymour to serve as the
Company’s President and Chief Executive Officer. Mr. Seymour will also serve as
President, Aerojet-General Corporation.
Mr. Seymour has been a consultant to
Northrop Grumman Corporation, a global defense and technology company
(“Northrop”), since March 2008. Mr. Seymour joined Northrop in
1983. Prior to becoming a consultant, Mr. Seymour most recently
served as Corporate Vice President and President of Integrated Systems Sector of
Northrop from 2002 until March 2008. Mr. Seymour also served as
Vice President, Air Combat Systems, Vice President and B-2 Program Manager and
Vice President, Palmdale Operations, of Northrop, from 1998 to 2001, 1996 to
1998 and 1993 to 1996, respectively. Prior to joining Northrop, Mr.
Seymour was involved in the manufacture and flight-testing of F-14A, EF-111A and
F / A-18A aircraft for each of Grumman Aerospace Corporation and McDonnell
Aircraft Company.
In addition, the Board of Directors of
the Company (the “Board”) authorized an increase in the size of the Board to
eight members and elected Mr. Seymour to serve as a director to fill the vacancy
created by the increase in the size of the Board until the next annual meeting
of shareholders when he, or his successor, is elected and
qualified.
About
GenCorp
GenCorp is a leading technology-based
manufacturer of aerospace and defense products and systems with a real estate
segment that includes activities related to the entitlement, sale and leasing of
the Company’s excess real estate assets. Additional information about
the Company can be obtained by visiting the Company’s web site at
http://www.GenCorp.com.
Contact
information:
Investors:
Kathleen E. Redd, Vice President, Chief Financial Officer and Secretary
916.355.2361
Media:
Linda Cutler, Vice President, Corporate Communications
916.351.8650
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