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Avada CEO Donald Montgomery Quits and Gives Six Months’ Notice

Avada Group CEO resignation: Donald Montgomery has given six months' notice to return to Perth, and the board has started a search for his replacement.
By Josua Ferreira -
Avada Group (ASX: AVD) modern lobby as CEO Donald Montgomery resigns
Avada Group Ltd
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  • Avada Group chief executive Donald Montgomery has resigned and given six months' notice, with the news released on 9 November 2026.
  • He says he needs to return to Perth for personal and family reasons.
  • The board has approved a search program to find his replacement, and Montgomery will help with the handover.
  • Chairman Lance Hockridge says the company's finances and operations were stabilised under Montgomery, and the latest yearly profit figure nearly doubled.
  • The board says it will update the market on the search as appropriate, and no successor has been named.
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CEO Donald Montgomery resigns from Avada with six months’ notice

Avada Group Limited (ASX: AVD) advised on 9 November 2026 that Chief Executive Officer Donald Montgomery has tendered his resignation.

The source states he needs to return to Perth for personal and family reasons. In accordance with his contract, he has given six months’ notice and, in that period, will remain fully engaged in the leadership and transformation of Avada.

Board backs the transition and starts a CEO search

Chairman Lance Hockridge said the Board understands and supports the decision.

That stabilisation is visible in the FY26 NPATA growth, where underlying earnings nearly doubled and productivity per vehicle and per traffic controller both lifted.

Lance Hockridge, Chairman

“…Under Don’s leadership the financial and operational fortunes of the company have been stabilised, and plans are well advanced to realise the enhanced outcomes which we believe are achievable…”

Mr Montgomery pointed to the remaining months of his employment.

Donald Montgomery, Chief Executive Officer

“…I look forward over the remaining months of my employment to maintaining the pace of change and improvement through providing superior service to our customers…”

Key transition points from the announcement:

  • The Board has authorised a search program to find a replacement for Mr Montgomery.
  • Mr Montgomery will actively help with succession planning and transition to new CEO leadership.
  • The Board will apprise the market of developments as appropriate.

The message from both the Chairman and the CEO is one of continuity through the notice period.

Avada Group CEO Transition Overview

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Frequently Asked Questions

Why did the Avada Group CEO resign?

Donald Montgomery says he needs to return to Perth for personal and family reasons. He has given six months' notice under his contract.

What is a notice period for a chief executive?

A notice period is the time a leader must keep working after resigning, as set out in their contract. Montgomery's is six months, during which he will stay engaged in leading Avada.

Who will replace Donald Montgomery at Avada Group?

No replacement has been named yet. The board has approved a search program and says it will update the market as appropriate.

When did Avada Group announce the CEO resignation?

Avada Group announced the resignation to the ASX on 9 November 2026.

Josua Ferreira
By Josua Ferreira
Partnership Director
Josua Ferreira holds a Bachelor of Commerce in Marketing and Advertising and brings a background in publication, business development, and ASX market storytelling. He has worked with listed companies across the resource sector and broader market, combining sharp commercial instincts with a genuine commitment to keeping investors informed.
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