Management Succession

Avon Rubber PLC 01 June 2005 1 June 2005 Avon Rubber p.l.c. MANAGEMENT SUCCESSION Avon is pleased to announce its plans for management succession within the Group. In light of Steve Willcox's decision to retire from the Group, the Board has decided to appoint Terry Stead as Chief Executive and Peter Slabbert as Finance Director. Steve will retire from the Company on 30 September 2005. Terry has been Finance Director since 1998 and has been closely involved in the development of the Group and its strategic direction since that time. Whilst Steve will work with Terry in the period to 30 September 2005 and will remain on the Board during that time, Terry will become Chief Executive with effect from 1 July 2005. Peter Slabbert is both a Chartered Accountant and an A.C.M.A. and has been Financial Controller of the Group since May 2000. Peter is appointed Finance Director with effect from 1 July 2005. Trevor Bonner, Chairman of the Board of Avon Rubber p.l.c. said, 'Steve Willcox had indicated some time ago his wish to retire once an appropriate successor was appointed. Having considered external and internal candidates, the Board is delighted that Terry has accepted our proposal that he become Chief Executive. We are sure that he will carry the Group forward with great success. We offer our best wishes to Steve on his retirement and thank him for many years of service and leadership at Avon. Peter's appointment as Finance Director is also a product of our succession planning process and we look forward to his contribution to a wider range of Group activities. < ends > For further enquiries, please contact: Avon Rubber p.l.c. 01225 861100 Steve Willcox, Chief Executive Terry Stead, Finance Director Jayne Hunt, PR Executive Weber Shandwick Square Mile 020 7067 0700 Richard Hews Rachel Taylor Stephanie Badjonat High resolution images are available for the media to download free of charge from www.vismedia.co.uk. This information is provided by RNS The company news service from the London Stock Exchange
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