Aerojet Rocketdyne Holdings Inc (NYSE:GY) Announces Executive Changes

Aerojet Rocketdyne Holdings Inc (NYSE:GY) Announces Executive Changes
Ahead of the crowd

Aerojet Rocketdyne Holdings Inc (NYSE:GY) has tapped Arjun L. Kampani as its VP, general counsel and corporate Secretary. Kampani’s appointment is effective April 11. He is coming in to replace Christopher C. Cambria, who previously held the position and is now leaving the company. Cambria’s exit from Aerojet is effective April 8.

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Aerojet did not elaborate why Cambria is leaving the company, but provided a long profile of the incoming general counsel Kampani. The general counsel changes were disclosed in a Form 8-K filing by Aerojet.

Who is Kampani?

Aerojet said in a press release that Kampani is an expert in corporate legal matters with extensive practical experience. Kampani is a graduate of the University of Michigan and Case Western Reserve University School of Law. He is also a member of the New York State bar. He began his legal practice at a New York law firm currently known as Olshan Frome Wolosky, LLP. From there he went to work with various law firms.

Aerojet is looking to him to add a wealth of experience and expertise to its business, especially in areas such as defense and aerospace.

In the corporate world, Kampani has worked for a number of companies including Anteon International Corporation, which was later acquired by General Dynamics. Kampani transitioned to General Dynamics where he played a leading role as an M&A lawyer. At General Dynamics, Kampani oversaw the completion of more than 30 acquisitions and divestment of non-core assets. He was the VP, general counsel and corporate sectary of General Dynamics Land Systems until recently. Kampani is joining Aerojet in the same capacity.

Class-action suit

But the executive shakeup at Aerojet Rocketdyne Holdings Inc (NYSE:GY) is happening at a time when the company is also facing claims that it misled investors in certain financial reports. Aerojet recently said that certain of its financial statements are no longer reliable. Faruqi & Faruqi, LLP is trying to bring a class action lawsuit against Aerojet over claims that it misled investors by not properly disclosing some material facts.