TIDMCARR

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              Tel: +44 (0) 1228 554 600 
 Peter Page (Chairman) 
Powerscourt                   Tel: +44 (0) 20 7250 1446 
 Nick Dibden / Lisa Kavanagh 
 / Sam Austrums

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.

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