Avon Rubber PLC Directorate Change (8274A)
October 01 2015 - 2:00AM
UK Regulatory
TIDMAVON
RNS Number : 8274A
Avon Rubber PLC
01 October 2015
Strictly embargoed until 07:00 Thursday 1st October 2015
AVON RUBBER p.l.c. ("Avon", the "Group" or the "Company")
Appointment of Chief Executive Officer
The Board is pleased to announce the appointment of Rob Rennie
as Chief Executive Officer, with effect from 1 December 2015.
Rob joins Avon having held a number of senior positions at
Invensys plc. His most recent role was President of the Energy
Controls group, a division with annual sales in excess of $400m.
This group included Eurotherm, the global supplier of industrial
and process control, measurement and data management solutions,
where Rob started his career and was ultimately appointed Managing
Director. Rob was the driving force behind the evolution of
Eurotherm and, as a member of the Invensys Executive Committee, was
part of the team that successfully sold Invensys to Schneider
Electric in 2014.
The appointment follows an in depth external search process
which was led by the Chairman with the support of the Nominations
Committee.
No further information is required to be disclosed pursuant to
Listing Rule 9.6.13 in respect of Rob Rennie.
Avon also confirms that, as previously announced, Peter Slabbert
retired from the position of Chief Executive on 30 September
2015.
Andrew Lewis, the current Group Finance Director, has been
appointed Interim Chief Executive with immediate effect until Rob
joins the Group.
Commenting, David Evans, Chairman said:-
"I am delighted to welcome Rob to Avon and the Board looks
forward to working with him. Rob has an impressive track record of
leadership in growing customer and technology led engineering and
services businesses. He has a strong commercial background in sales
and marketing and this, along with his broad base of management
skills makes him an excellent choice to lead Avon as CEO."
"Given Andrew's experience as Group Finance Director over the
last seven years I am confident that his appointment as Interim CEO
places the Group in very capable hands for the next two months. He
will be supported by a stable and experienced senior management
team who have been an integral part of delivering Avon's success
over recent years."
"Peter retires with our very best wishes and the Board expresses
its gratitude to him for leading the turnaround and delivering the
impressive growth seen during his 7 years as CEO."
Commenting, Rob Rennie said:-
"Avon is a Company with a long and proud history and an exciting
future. I am delighted to have been asked to take the CEO role.
Having committed to remain with Invensys under Schneider's
ownership for one year after the acquisition, I am joining Avon
refreshed and ready for a new challenge. The Group has innovative
technologies and global market leading positions in both its
businesses and I very much look forward to leading the next stage
of its development."
For further enquiries, please contact:
Avon Rubber p.l.c.
David Evans, Chairman 01225 896850
Andrew Lewis, Interim Chief Executive 01225 896830
Weber Shandwick Financial
Nick Oborne 020 7067 0700
Note to editors: The Group has transformed itself over the past
five years into an innovative design and engineering group
specialising in two core markets, Protection & Defence and
Dairy. With a strong emphasis on research and development we
design, test and manufacture specialist products from a number of
sites in the US and UK, serving markets around the world. We
achieve this through nurturing the talent and aspirations of our
employees to realise their highest potential.
Avon Protection is the recognised global market leader in
advanced Chemical, Biological, Radiological and Nuclear (CBRN)
respiratory protection systems technology for the world's military,
homeland security, first responder, fire and industrial markets.
With an unrivalled pedigree in mask design dating back to the
1920's, Avon Protection's advanced products are the first choice
for Personal Protective Equipment (PPE) users worldwide and are
placed at the heart of many international defence and tactical PPE
deployment strategies. Our expanding global customer base now
includes military forces, civil and first line defence troops,
emergency service teams and industrial, marine, mineral and oil
extraction site personnel. All put their trust in Avon's advanced
respiratory solutions to shield them from every possible
threat.
Our world-leading Dairy business and its Milkrite brand have a
global market presence. With a long history of manufacturing liners
and tubing for the dairy industry, Milkrite has become the leading
innovator and designer for products and services right at the heart
of milking. Our goal is always to improve and maintain animal
health. Working with the leading scientists and health specialists
in the global dairy industry we continue to invest in technology to
further improve the milking process and animal welfare. Our
products provide exceptional results for both the animal and the
milker, making the milk extraction process run smoothly. As our
market share and milking experience continue to grow, so does our
global presence.
For further information please visit the Group's website
www.avon-rubber.com
This information is provided by RNS
The company news service from the London Stock Exchange
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