Carr's Group PLC Appointment of Chief Executive Officer (9286Z)
September 24 2020 - 1:00AM
UK Regulatory
TIDMCARR
RNS Number : 9286Z
Carr's Group PLC
24 September 2020
24 September 2020
CARR'S GROUP PLC
("Carr's" or the "Group")
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Carr's (CARR.L), the Agriculture and Engineering Group, is
pleased to announce that Hugh Pelham has been appointed to succeed
Tim Davies as Chief Executive Officer following a search process
led by the Nomination Committee.
Hugh will join Carr's as Chief Executive Officer Designate and
as a member of the Board on 4 January 2021 and will formally
succeed Tim at the conclusion of the Group's next Annual General
Meeting, currently expected to take place on 12 January 2021. Tim
will step down from the Board at the AGM but remain with the Group
during a short handover period to ensure a smooth transition.
Hugh brings over 30 years' experience in leading growing
businesses across various sectors. He is currently Global President
at Minova, part of ASX-listed Orica, which is a manufacturer and
supplier of chemical and mechanical earth control products,
adhesives and support equipment. Minova has revenues of A$600m,
generated from 40 countries globally.
Prior to this, Hugh spent four years as Managing Director of
Wood Group Industrial Services Limited, a provider of specialist
coatings, access and fabric maintenance services to the oil &
gas, marine and rail industries. He also served as President (EMEA)
of Wood Group Industrial Services, being responsible for
international growth and leading a team of over 2,000 people.
Hugh has a strong track record of generating value through the
achievement of both long-term profitable growth and successful
business turnarounds. He holds a BA in Engineering, Economics and
Management from Oxford University and an MBA from Cranfield School
of Management.
Hugh Pelham, CEO-Designate, commenting on his appointment,
said:
"I am very excited and honoured to be joining Carr's Group. The
company is steeped in technology and innovation across both
Agriculture and Engineering which, together with its market-leading
brands, provides a strong platform for driving growth and
increasing profitability. I am very much looking forward to working
with the team, and to play my part in the Group's exciting
future."
Peter Page, Chairman, commented:
"I am very pleased to welcome Hugh to Carr's. He is a first-rate
business executive with a track record of consistently delivering
top and bottom-line growth at both privately-owned and publicly
listed businesses. From scaling founder-owned enterprises to
leading swift and decisive turnarounds, Hugh's considerable
experience will be of real value when leading a business as diverse
as Carr's."
There is no further information concerning the appointment of
Hugh Pelham which requires disclosure under Listing Rule
9.6.13.
The Company will announce its full year results for the year
ended 29 August 2020 on 23 November 2020.
Enquiries:
Carr's Group plc Tel: +44 (0) 1228 554 600
Peter Page (Non-Executive 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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END
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