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Carr’s Group PLC on Monday said that its Chief Executive Officer Peter Page plans to step down. The Carlisle, England-based speciality agriculture and engineering group said that Page will not seek re-election at the company’s next annual general meeting. The AGM is expected to be held in January 2024. Page joined Carr’s Group in November 2019. He was appointed as non-executive chair in January 2020 and took on the interim role as executive Chairman in October 2021 before being appointed as CEO in February this year. The company said it is initiating plans for Page’s succession. Chair Tim Jones said: ‘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.’ Shares in Carr’s Group were down 1.3% to 123.66 pence each in London on Monday around midday. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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