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CVC Limited (ASX:CVC)

ALERT: Price-sensitive ASX Announcement for CVC
Current share price for CVC : $1.820 -0.24 (-11.65%)+
Announcement
Release
19 May 2026 4:44PM
Price at Release
$2.060
Full Release
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Summary
CVC Limited announced the resignation of Mark Avery as Chief Executive Officer. Mr. Avery, who has served the company for over 15 years and as CEO for nearly seven years, will step down to pursue other opportunities. He will remain in his role until July 2026 while transitional arrangements are finalized. Craig Treasure, the Executive Chair, will take on the role of Managing Director, and Andrew Ashwood, currently the General Manager Development, will be appointed as CEO. The board expressed gratitude for Mr. Avery's significant contributions, especially in building a substantial portfolio of property investments. Mr. Avery also expressed his appreciation for the opportunities and support he received during his tenure at CVC.
Key Points
  • Mark Avery resigns as CEO of CVC Limited.
  • Avery has been with CVC for over 15 years, including almost seven years as CEO.
  • He will remain until July 2026 for a transition period.
  • Craig Treasure will assume the role of Managing Director.
  • Andrew Ashwood will be appointed as CEO.
  • The board thanks Avery for his contributions to CVC.
  • Avery expresses gratitude for his time at CVC.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.