Business
CEO succession
CEO succession.
About this update from Fevara Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n7 August 2023\nCarr's Group plc\n(\"Carr's\", the \"Company\", or the \"Group\")\nCEO succession\nCarr's (CARR.L), the Agriculture and Engineering Group, announces that Peter Page, Chief Executive Officer, has agreed with the Board that he will not seek re-election at the Company's next annual general meeting (\"AGM\"), currently expected to be held in January 2024 and will step down from the Board following the conclusion of the AGM. Peter Page joined the Company in November 2019, was appointed Non-executive Chairman in January 2020 and took on the interim role as Executive Chairman in October 2021 before being appointed Chief Executive Officer in February 2023.\nThe Board is initiating plans for Mr Page's succession in accordance with its strategy and future leadership requirements and further announcements will be made in due course, as appropriate.\nTim Jones, Chairman, said:\n\"We thank Peter for skilfully navigating the business through a number of difficult and challenging years, including the successful disposal of our Agricultural Supplies division. Peter will leave the Group with a strong balance sheet, an engineering division with a strong orderbook and a Speciality Agriculture division poised for long-term growth when its end markets recover.\"\nPeter Page said:\n\"I would like to thank all of my colleagues at Carr's with whom I have worked over the recent years. I will support the Board in the completion of key milestones before ensuring an orderly handover to my successor.\"\nThe person responsible for arranging the release of this announcement on behalf of the Company is Paula Robertson, Assistant Company Secretary.\n \n\n\n\nEnquiries:\n \n\n\n \n\n\n\n\nCarr's Group plc\n\n\n+44 (0) 1228 554 600\n\n\n\n\nTim Jones, Chairman\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFTI Consulting\n\n\n+44 (0) 203 727 1340 \n\n\n\n\nRichard Mountain/Ariadna Peretz\n\n\n\n\n\n\n \nAbout Carr's Group plc:\nCarr'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 around the world. Carr's operates a business model that empowers operating subsidiaries enabling them to be competitive, agile, and effective in their individual mark...