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The Market Online - At The Bell

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  • Mal Maginnis will be joining Ava Risk Group (AVA) as CEO from January 9, 2023
  • Mr Maginnis has more than 35 years of experience in the defence, security, safety and technology industries and was most recently the President of Rapiscan Systems
  • Prior to joining Rapiscan, he was the head of Iveagh Technology, an owner of SX Technologies and President of Smiths Detection
  • Mr Maginnis will be replacing Rob Broomfield who will remain available to Ava on a consulting arrangement for up to 12 months
  • Ava is up 2.78 per cent on the market with shares trading at 18.5 cents at 3:05 pm AEDT

Mal Maginnis will be joining Ava Risk Group (AVA) as CEO, effective January 9, 2023.

Mr Maginnis has more than 35 years of experience in the defence, security, safety and technology industries and was most recently the President of Rapiscan Systems.

Prior to joining Rapiscan, he was the head of Iveagh Technology, an owner of SX Technologies and President of Smiths Detection.

At Smiths, Mr Maginnis also oversaw the global military and emergency responder business unit.

“Exceptionally well-regarded within the industry, Mal’s extensive technology, security and defence experience as well as his business development skills will be most valuable in strengthening our partnerships, developing new strategic alliances and expanding our international sales presence,” Chairman David Cronin said.

“We believe his strong leadership experience will greatly enhance and accelerate Ava’s growth strategy.”

Mr Maginnis will be replacing Rob Broomfield who will remain available to Ava on a consulting arrangement for up to 12 months.

“I am proud and pleased to be handing the reins over to Mal, who brings significant industry and commercial experience to Ava,” Mr Broomfield commented.

“With our strong and scalable global growth platform in place the business will benefit from the direction of a very capable international industry leader. I will continue to support the company as much as is needed during the transition period and remain a committed shareholder of Ava.”

Ava was up 2.78 per cent on the market with shares trading at 18.5 cents at 3:05 pm AEDT.

AVA by the numbers
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