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Avon Protection plc announced on 30 September 2022 that Paul McDonald stepped down from his role as Chief Executive Officer on that date. Bruce Thompson, currently Non-Executive Chair, will become Executive Chair effective 1 October until a new CEO is appointed and will step down from the Remuneration Committee during this period. The Board is advanced in the recruitment process for a successor CEO.
| Date | 30 Sept 2022 |
| Time | 07:00:18 |
| Category | Board changes |
| ID | 2478B |
30 September 2022
Avon Protection plc
("Avon Protection" or "the Group")
CEO succession update
As set out in the announcement on 24 May 2022, Paul McDonald today steps down from his role as Chief Executive Officer (CEO). The Board is well advanced in the recruitment process for his successor, led by the Nomination Committee with the support of external consultants. In order to ensure executive continuity whilst this selection process is concluded, Bruce Thompson, currently Non-Executive Chair, will become Executive Chair, with effect from 1 October until a new CEO is in place. As a result of this change, Bruce will step down from his role on the Remuneration Committee during this period.
Bruce joined Avon Protection as Non-Executive Chair Designate in March 2020, having previously been Chief Executive Officer of Diploma PLC, the FTSE 250 specialised technical products and services business, for over twenty years.
The Board will make a further announcement regarding the appointment of a new CEO in due course.
For further enquiries, please contact:
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Avon Protection |
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Bruce Thompson, Executive Chairman |
+44 1225 896 848 |
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Rich Cashin, Chief Financial Officer |
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Rory Wiltshire, Investor Relations Manager |
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MHP Communications |
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Andrew Jaques |
+44 771 003 2657 |
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Charlie Barker |
avonprotection@mhpc.com |
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Pete Lambie |
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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, our mission is to enhance the performance, efficiency and capability of our customers whilst providing ever increasing levels of protection.
Avon Protection operates from six sites employing approximately 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