Chief Financial Officer Appointment

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                                                                   [phone]

Paul McDonald, Chief Executive Officer

MHP Communications

Andrew Jaques    [phone]

Charlie Barker   [phone]

Peter Lambie  [e-mail]

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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