Avon Protection PLC Chief Financial Officer Appointment (5691X)
January 06 2022 - 2:00AM
UK Regulatory
TIDMAVON
RNS Number : 5691X
Avon Protection PLC
06 January 2022
6 January 2022
Avon Protection plc
Chief Financial Officer appointment
The Board is pleased to announce that Rich Cashin will succeed
Nick Keveth as Chief Financial Officer of Avon Protection plc
("Avon Protection" or the "Group").
As planned and previously announced, Nick will retire as Chief
Financial Officer and stand down from the Board on 31 March 2022.
Rich will join the Group as Chief Financial Officer-designate on 7
March 2022, enabling a period of hand-over, before being appointed
to the Board as an Executive Director on 31 March 2022.
Rich brings to Avon Protection substantial experience in
strategic and financial roles in listed companies in the aerospace
and defence industry. Prior to this appointment, Rich has held the
position of President, Strategy and Corporate Development for Ultra
Electronics Holdings plc since June 2019. Prior to that he was
Group Head of Investor Relations and, subsequently, a divisional
Finance Director for Meggitt PLC. He has also held a number of
investment and finance roles at Rolls-Royce plc and UBS AG. Rich is
a Chartered Management Accountant .
Bruce Thompson, Chair of Avon Protection, said "I would like to
welcome Rich to Avon Protection. Rich brings substantial financial,
strategic and industry-specific experience, and we look forward to
his participation in the execution of our ambitious strategy. We
thank Nick for his significant contribution to the Group over the
last four and a half years and wish him well for his
retirement."
Paul McDonald, Chief Executive Officer of Avon Protection said
"I am delighted Rich will be joining the Avon Protection leadership
team. He brings significant relevant financial and commercial
experience to the role and I look forward to working with him. I
would also like to recognise and thank Nick for the leadership he
has provided to the Group and for the day-to-day support he has
provided me as CEO."
Nick Keveth, Chief Financial Officer of Avon Protection said "It
has been a privilege and a pleasure to play a part in the evolution
of Avon Protection over the last four and a half years. The Group
is now well positioned for the future and I wish the team every
success."
No further information is required to be disclosed pursuant to
Listing Rule 9.6.13 in respect of Rich Cashin's appointment as a
director of Avon Protection.
For further enquiries, please contact
Avon Protection plc
Bruce Thompson, Chair +44 1225 896 848
Paul McDonald, Chief Executive Officer
MHP Communications
Andrew Jaques +44 783 462 3818
Charlie Barker +44 771 003 2657
Peter Lambie avonprotection@mhpc.com
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 Protection designs and produces life critical personal
protection solutions for the world's militaries and first
responders. With a portfolio that includes Chemical, Biological,
Radiological, Nuclear ("CBRN"), respiratory and head protection
products, Avon Protection's mission is to relentlessly advance the
future of protection enhancing the performance, efficiency and
capability of their customers whilst providing ever increasing
levels of protection.
Avon Protection operates from 7 locations employing more than
1,000 people and is listed on the London Stock Exchange (LSE:
AVON).
For further information, please visit our website
www.avon-protection-plc.com .
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END
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