Change in Management Team

RNS Number : 2881S

Avingtrans PLC

06 November 2013

 



6 November 2013

Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

Change in Management Team

The Board of Avingtrans is pleased to announce the appointment of Austen Adams as Managing Director of the Energy and Medical Division, with immediate effect. This follows the decision by Peter Kenny to step down from the role as he has announced his intention to leave the business at the end of November.

Austen joins from David Brown Hydraulics Group, where, as CEO, he led the company through a change in ownership in 2008 and went on to deliver an impressive growth programme, establishing the business in new geographies such as India, China, Russia, and Australia. Through an overhaul of the product range, he repositioned this group as a highly credible global engineering solutions provider.

Austen will replace Peter on the Executive Committee, which will now consist of: CEO, Steve McQuillan, CFO, Stephen King, MD Aerospace, Mark Johnson and MD Energy & Medical, Austen Adams.

Steve McQuillan, Chief Executive, of Avingtrans commented:

"I would like to place on record my most sincere thanks to Peter for all of his hard work and endeavour over the 23 years that he has been with the Company and also for agreeing to stay until the end of November to ensure an orderly hand over to Austen. On behalf of the Board, I wish him and his family all the very best for the future.

"Austen's appointment is an exciting development for the Group and highly appropriate in our structure following the disposal of Jena Tec last year. His experience of delivering growth in multiple geographies, whilst at David Brown Hydraulics is highly relevant to Avingtrans as we seek to instigate the same level of sustainable growth in our Energy and Medical division as we are already enjoying in Aerospace."

Austen Adams, MD Energy & Medical division, commented:

"I'm delighted to be joining the Avingtrans team. I'm looking forward to working with the teams within the businesses, both here in the UK and in China. Building on their excellent reputation, we will deliver sustainable growth together, through both excellence in customer service and by fully exploiting our world class, high integrity design and manufacturing capabilities."

Enquiries:

Avingtrans plc                                                                                                   0115 949 9020

Steve McQuillan, CEO

Stephen King, CFO 

Numis                                                                                            

David Poutney (Corporate Broking)                                                        0207 260 1000

Richard Thomas (Corporate Finance and Nominated Adviser)     

Newgate Threadneedle                                                                               020 7653 9850

(Financial PR)

Josh Royston / Heather Armstrong

About Avingtrans

Avingtrans plc is engaged in the provision of highly engineered components and services to the Aerospace, Energy and Medical markets worldwide.
The business is made up of 2 divisions:

•	Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and;
•	Energy and medical, engaged in the manufacture of machined and fabricated pressure and vacuum vessels and components for the energy, medical, science and research communities. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

 

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