Avon Rubber PLC Directorate Change (8933W)
February 15 2017 - 2:00AM
UK Regulatory
TIDMAVON
RNS Number : 8933W
Avon Rubber PLC
15 February 2017
Strictly embargoed until 07:00 on Wednesday 15 February 2017
AVON RUBBER p.l.c. ("Avon", the "Group" or the "Company")
Chief Executive Change
The Board announces that Paul McDonald has been appointed Group
Chief Executive with immediate effect.
Paul succeeds Rob Rennie, who has stepped down from the Board
with immediate effect and left the Group to pursue other interests.
The Board wishes Rob well for the future.
Prior to today's appointment Paul McDonald was Divisional
Managing Director of Avon's Dairy division and a key member of the
Group Executive management team. Paul joined the Group in 2003 and
spent the early part of his career at Avon in commercial and
operational roles which included responsibility for all UK
operations and the European Protection & Defence and Dairy
business units.
In 2007 Paul assumed responsibility for the Group's Dairy
division, which he has transformed from a manufacturer of rubber
liners into a market leading technology driven company operating
under the milkrite brand, with operations in Europe, the USA,
Brazil and China. In 2015 Paul led the successful acquisition and
integration of InterPuls S.p.A., which expanded the existing
milkrite product range and positioned the Dairy division as a
global milking-point technology brand, with continuing growth
prospects.
As reported in the trading statement on 2 February 2017, the
Group has made a positive start to the financial year and the Board
remains confident of achieving current year expectations.
The process to appoint a permanent Group Finance Director is
underway and this will be an early priority for Paul McDonald.
Paul McDonald said: "Avon Rubber is a very special company with
high quality global businesses and an enviable history of
engineering and innovation. It has a strong track record based on
long term investment, excellent divisional management and a
dedicated and talented workforce. I am very excited by the
opportunity to take Avon into its next phase of growth."
Commenting Chairman David Evans said: "Paul has a proven track
record of commercial and operational success within Avon and has
valuable knowledge and experience of the Group's markets and
operations. He is well qualified to lead the Company going forward.
Against the background of positive current trading reported to
shareholders earlier this month, the Board has every confidence
that the Group will continue to deliver a strong performance under
his leadership."
Paul McDonald has a shareholding of 20,361 Avon shares. No
further information is required to be disclosed pursuant to Listing
Rule 9.6.13 in respect of Paul McDonald's appointment as a director
of Avon.
For further enquiries, please contact:
Avon Rubber p.l.c.
David Evans, Chairman 07860 499744
Pim Vervaat, Senior Independent Director 01933 416525
Paul McDonald, Chief Executive 01225 896400
Weber Shandwick Financial
Nick Oborne 020 7067 0700
Note to editors: The Group has transformed itself over recent
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 Europe, serving markets around the world. We achieve this
through nurturing the talent and aspirations of our employees to
realise their highest potential.
Avon Protection Systems is the recognised global market leader
in advanced Chemical, Biological, Radiological and Nuclear (CBRN)
respiratory protection systems 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 Systems' 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
whether land, air or sea based.
Our world-leading Dairy supplies business and its Milkrite |
InterPuls brand has a global market presence. With a long history
of manufacturing liners and tubing for the dairy industry, we have
become the leading innovator and designer for products and services
right at the heart of milking. The acquisition of InterPuls in
2015, a specialist in electro-mechanical milking components, such
as pulsators, milk meters, automatic cluster removers and milking
clusters, has added significantly to our product range, making us
the complete milking point solutions provider improving every farm
we touch.
Working with 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 more efficient. As our
market share and milking experience continue to improve, 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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