Avita Medical Appoints Interim CEO, Issues Q3 Revenue Guidance; Shares Tumble 20%

MT Newswires Live

2025/10/17

Avita Medical (ASX:AVH) appointed Chairman Cary Vance as interim chief executive, effective immediately, succeeding Jim Corbett, according to a Friday filing with the Australian bourse.

The board will engage an executive search firm to identify a permanent CEO from internal and external candidates, the filing said.

In the same filing, the company said it anticipates preliminary revenue of around AU$17 million for the third quarter ended Sept. 30.

The company's shares plummeted 20% in recent Friday trade.

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