Chief Executive Officer Succession

RNS Number : 8831W
Carr's Group PLC
24 August 2020
 

 

24 August 2020

CARR'S GROUP PLC

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

CHIEF EXECUTIVE OFFICER SUCCESSION

 

Carr's, the Agriculture and Engineering group, announces that Tim Davies has decided to step down as Chief Executive Officer after seven years in the role.

 

The Board has already instigated a rigorous process to select a suitable successor for the role of CEO and to lead the Group in the coming years.  Tim will remain in post until a successor is appointed and for a handover period to ensure a smooth transition.

 

Further information on Tim's successor and the succession process will be provided in due course.

 

Peter Page, Chairman, said : "On behalf of the Board, I would like to thank Tim for his enormous contribution over the last seven years. He has led the Group with passion and integrity, developing its international focus and a strong organisational culture.  I look forward to continuing to work closely with Tim during the succession phase."

 

Tim Davies, Chief Executive Officer, said : "It has been a privilege to serve as CEO of Carr's over the last seven years and I am proud of the achievements of my colleagues and the Group during that time. I firmly believe that now is the right time for a new CEO to lead the Group, building upon its strong position, and to develop its strategy into the future."

 

 

Enquiries:

Carr's Group plc
Peter Page (Chairman)

Tel: +44 (0) 1228 554 600

Powerscourt
Nick Dibden / Lisa Kavanagh / Sam Austrums

Tel: +44 (0) 20 7250 1446


About Carr's Group plc:

Carr's is an international leader in manufacturing value added products and solutions, with market leading brands and robust market positions in Agriculture and Engineering, supplying customers in over 50 countries around the world.

Its Agriculture division manufactures and supplies feed blocks and supplementation products for livestock, distributes farm machinery and runs a UK network of rural stores, providing a one-stop shop for the farming community. Its Engineering division designs and manufactures bespoke equipment and provides technical engineering services into the nuclear, petrochemical, oil and gas, pharmaceutical, process and renewable energy industries, including robotic and remote handling equipment.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCPBMFTMTITBMM
UK 100

Latest directors dealings