BRADFORD-ON-AVON, England (June 1)—Avon Rubber P.L.C. has named Finance Director Terry Stead to become CEO July 1, replacing Steve Willcox, who will retire at the end of September after 30 years with Avon.
The company chose Stead after considering a number of external and internal candidates, according to Chairman Trevor Bonner.
Willcox will remain on Avon's board of directors and work with Stead on the transition until Sept. 30, the firm said.
Peter Slabbert, the group's financial controller since May 2000, will become finance director at the same time.
Stead has been finance director since 1998 and has been closely involved in Avon's strategic direction during that time.