Adrad Appoints New CEO, Kevin Boyle Resigns
Key points
- Adrad appoints Paul Proctor as new CEO
- Kevin Boyle resigns to pursue other opportunities
- Proctor has extensive experience in manufacturing and operations
Full summary
Adrad Holdings Limited (ASX: AHL) has announced the appointment of Paul Proctor as the new Chief Executive Officer (CEO), replacing the outgoing CEO Kevin Boyle who has resigned to pursue other opportunities. The company is pleased to have appointed Mr. Proctor, who is an experienced manufacturing sector leader, having led various businesses globally including as the former Managing Director of Seeley International. Mr. Proctor has held General Manager, Managing Director and Vice President roles at Air International, Cooper Standard Automotive and Tenneco Automotive (Monroe Australia), and brings a wealth of experience in operations and the execution of growth initiatives. Adrad Chairman, Mr. Davis, expressed gratitude for Mr. Boyle's contribution to the company and expressed positivity about Adrad's prospects for FY26, looking forward to working with Mr. Proctor to build the business. Incoming CEO Mr. Proctor stated that Adrad has a strong platform for growth, and he looks forward to using his experience to lead the company in achieving its growth aspirations.
Guidance
Adrad expects underlying FY25 earnings performance to be within a range of 95 to 100% of underlying FY24 earnings performance.
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