REG - Carr's Group PLC - Leadership Changes and Notice of Results

Carr'sAnnouncement

13/11/2023 07:00

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RNS Number : 1605T  Carr's Group PLC  13 November 2023

 

13 November 2023

 

 

Carr's Group plc

("Carr's", the "Company", or the "Group")

Leadership Changes

and

Notice of Results

 

Carr's (CARR.L), the Speciality Agriculture and Engineering group, announces
the following changes to its leadership.

As previously communicated, Peter Page, Chief Executive Officer, will step
down from the Board. He will leave the Company on 17 November 2023 having
completed an orderly handover to David White, Chief Financial Officer, who
will be appointed Group Chief Executive Officer.

David, who joined the Company in January 2023, is ideally placed to lead the
delivery of the next phase of the Group's strategic plan, given his previous
experience in international senior leadership, operations and finance roles at
Aggreko plc.

Gavin Manson has been appointed Chief Financial Officer with effect from 13
November 2023. Gavin has previously held a number of executive and
non-executive roles across both public and private companies, including Chief
Financial and Operating Officer of Electra Private Equity PLC and Group
Finance Director of Premier Farnell plc. Gavin will not initially be appointed
to the Board but will attend Board meetings by invitation.

Martin Rowland, who was appointed to the Board as Non-executive Director in
March 2023 pursuant to the Relationship Agreement the Company entered with
Harwood Capital Management Limited, will be appointed Executive Director of
Transformation with effect from 13 November 2023. In addition to his Board
experience, Martin has spent many years in a variety of investment roles as
well as holding operational and strategic positions in mid-size and large
corporates. The changing nature of Martin's role will not affect the
Relationship Agreement, which will remain in place.

Confident that the Executive leadership will focus on continuing to implement
the Group's strategic plan, the Board also intends to supplement this
leadership team with additional appointments in coming months.

Notice of Results

The Group intends to announce its results for the year ended 2 September 2023,
including an update on the execution of the Group's strategy, in December.

Tim Jones, Non-executive Chair, commented: "I look forward to working with
David, Gavin and Martin to optimise the Group's existing businesses, implement
our strategy and deliver shareholder value.  I would like to thank Peter for
his commitment to the Company over his tenure and wish him all the best in his
future endeavours."

Enquiries:

 Carr's Group plc                      +44 (0) 1228 554 600
 Tim Jones, Non-executive Chair
 David White, Chief Financial Officer

 FTI Consulting                        +44 (0) 20 3727 1340
 Richard Mountain/Ariadna Peretz

 

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