AVJennings Limited announced a succession plan in relation to the role of CEO. Following the strategic planning exercise in June focused on growth, and the announcement of strong results for FY21, the Board and Peter Summers, AVJennings' CEO, held discussions around succession planning. Looking forward, Peter had indicated he was unlikely to remain in his current role long term. Following on from the discussions, it was decided that a succession plan would be best timed so as to avoid a transition in the middle of the Company's strategic plan implementation. The outcome of which was that, subject to certain shareholder approvals at the upcoming AGM, Peter will step down as CEO on 31 March 2022. The succession plan takes into account both short and long-term considerations, with Peter continuing to assist the Company through a smooth transition. The Board expects to make an announcement of a successor in due course.