(Alliance News) - Avon Protection PLC, formerly known as Avon Rubber, announced Thursday the appointment of Rich Cashin as its new chief financial officer, taking over from Nick Keveth, who will retire on March 31.
Cashin brings experience in strategic and financial roles in listed companies in the aerospace and defence industry, including his most recent role as president of strategy & corporate development for London-based military and security electronics firm Ultra Electronics Holdings PLC - which he held since June 2019.
Wiltshire-based Avon, which is a producer of respiratory protection equipment, saw its share price rise by 2.7% to 1,190.12 pence each on Thursday in London.
Cashin, a chartered management accountant, will become CFO-designate on March 7, enabling a handover period before his appointment to the board at the end of the first quarter of 2022.
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."
By Elizabeth Winter; elizabethwinter@alliancenews.com
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Avon Protection (AVON)