Avon Rubber PLC Directorate Change (6257E)
May 10 2017 - 2:00AM
UK Regulatory
TIDMAVON
RNS Number : 6257E
Avon Rubber PLC
10 May 2017
Strictly embargoed until 07:00 on Wednesday 10 May 2017
AVON RUBBER p.l.c. ("Avon", the "Group" or the "Company")
Group Finance Director appointment
The Board is pleased to announce that Nick Keveth has been
appointed as Group Finance Director with effect from 1 June
2017.
Nick will take over from Paul Rayner, who has been the Interim
Group Finance Director since 1 December 2016.
Prior to this appointment Nick Keveth was Director of Finance,
Planning & Reporting at Imperial Brands, the FTSE 20 tobacco
group. Nick was with Imperial for 12 years and held a variety of
roles during this period including Finance Director Sales &
Marketing, Director of Accounting, Forecasting & Tax and
Interim Investor Relations Director. He brings to Avon substantial
listed company and acquisition experience.
Prior to joining Imperial Brands, Nick worked for
PricewaterhouseCoopers for 14 years in both audit and advisory
roles.
Nick is a Fellow of the Institute of Chartered Accountants and
holds a degree in Mathematics from the University of Cambridge.
Paul Rayner will step down from the Board on 1 June 2017 and
will remain at Avon for a two-month handover period. The Board
thanks Paul for his commitment and invaluable contribution during
this interim period and wishes him well for the future.
Commenting on the appointment, Paul McDonald, Group Chief
Executive, said "I am delighted to welcome Nick to Avon. He brings
significant skills and experience to the Group which will help us
build a better, stronger business in line with our long term growth
strategy."
Nick Keveth has a shareholding of 250 Avon shares. Nick also
served on behalf of Imperial as a Non-Executive Director of the
Spanish listed group Compania de Distribucion Integral Logista
Holdings, S.A., a leading distributor of products and services to
convenience retailers in Southern Europe, from May 2014 until 31
March 2017. No further information is required to be disclosed
pursuant to Listing Rule 9.6.13 in respect of Nick Keveth's
appointment as a director of Avon.
As previously announced, interim results for the six months
ended 31 March 2017 will be announced on 16 May 2017.
For further enquiries, please contact:
Avon Rubber p.l.c.
Paul McDonald, Chief Executive 01225 896400
David Evans, Chairman 07860 499744
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
END
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