Avon Protection : Half Year Results 2022 and Board Changes

Board Update

Bruce Thompson, Chair: "Today, we are announcing that after 5 years as CEO and 19 years with the company, Paul McDonald will be stepping down as CEO at the end of this financial year. Beyond this date, he has agreed to make himself available to support the transition to a new CEO.

Paul has been instrumental in the transformation of Avon Protection into a world leader in respiratory and head protection technology, and I am grateful for his dedication and commitment during his tenure. A search will be initiated to identify a successor with the skill set to manage the complex challenges and opportunities ahead and deliver value for all stakeholders; and the Board will update the market at the appropriate time."

Half Year Results 2022

Paul McDonald, Chief Executive Officer:

"The first six months of FY22 have seen both challenge and opportunity for the Group.

While we have experienced some specific issues impacting profitability, they have been identified. We are working proactively to address them.

The requirement for our world-leading, high-tech products has never been stronger. Our global customers are adjusting to the structurally higher threat environment and, against this backdrop, we remain confident in a return to growth."

To view the half year results documents, visit the Financial Reports section of our website.