Avon Rubber PLC

Board change

RNS Number : 6534Z
Avon Rubber PLC
25 May 2021
 

25 May 2021

Avon Rubber p.l.c.

Board Change

Avon Rubber p.l.c. announces that Nick Keveth, Chief Financial Officer and Executive Director, has informed the Board of his desire and intention to retire for personal reasons before the end of March 2022. This will enable him to manage the completion of the current financial year ending 30 September 2021 and to make an orderly handover of his duties to his successor.

The Board has initiated a process to search for a suitable external candidate to succeed Nick and will make a further announcement once that process has been completed.

Nick Keveth, Chief Financial Officer, stated:

"It has been a pleasure and a privilege to have been a part of the Avon Rubber growth story. I would like to thank Bruce, Paul, and the team for their support and to wish them every success as they continue to navigate the company on its remarkable growth journey. I look forward to working with my successor to ensure a smooth transition."

Commenting on Nick's retirement, Bruce Thompson, Chair, said:

"On behalf of the shareholders, the Board acknowledges with gratitude the significant contribution to Avon's growth made by Nick and we wish him a happy retirement. We fully understand his wish to leave the executive world behind, dedicate more time to his family and pursue a non‐executive career."

Paul McDonald, Chief Executive officer, said:

"During his four years with Avon Rubber, Nick's knowledge and experience has been instrumental in helping us reshape the business into a focused world leading personal protection business through our M&A strategy and building the infrastructure to support our growth journey. I am personally very grateful for his support and contributions, which have earned him the highest respect from shareholders, the Board and colleagues. We all thank him and wish him the very best in the next chapter of his life."

 

For further enquiries, please contact:

 

Avon Rubber p.l.c.


Bruce Thompson, Chair

01225 896 848

Paul McDonald, Chief Executive Officer




MHP Communications


Andrew Jaques

Charlie Barker

Peter Lambie

 

0203 128 8570


[email protected]

 

Legal Entity Identifier: 213800JM1AN62REBWA71

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Note to editors:  

Avon Rubber is listed on the London Stock Exchange (LSE: AVON) and is a constituent of the FTSE 250 Index.

Avon Rubber is an innovative technology group, which designs and produces life critical personal protection systems to maximise the performance and capabilities of its customers, with leading positions in the respiratory and ballistic protection markets for the world's militaries and first responders.

For further information, please visit our website: www.avon-rubber.com .

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