Directorate Change

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 Andrew Lewis, Interim Chief Executive	01225 896850 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

 

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