Didion's appointment will become effective in January. GenCorp makes components for the aerospace, defense, automotive and pharmaceutical industries.

GenCorp's headquarters sits on a 13,000-acre parcel the company owns southwest of Folsom, in Northern California. Didion's arrival is expected to boost GenCorp's efforts to one day develop at least some of the land.

GenCorp looks forward "to the knowledge and experience [Didion] brings in areas so relevant to our strategy to evolve our real estate holdings and activities into a viable business for the corporation," says Bob Wolfe, GenCorp's chairman and CEO.

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