CARR'S GROUP PLC

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

NON-EXECUTIVE DIRECTOR SUCCESSION

Carr's (CARR.L), the Agriculture and Engineering Group, announces that as part of the Board's plans for Non-Executive Director succession, Shelagh Hancock and Stuart Lorimer have each been appointed as independent Non-Executive Directors and will join the Board on 1 September 2022. 

Shelagh has over 30 years' experience in the food and agricultural supply sectors and is currently Chief Executive Officer at First Milk, the British farmer-owned dairy co-operative, where she is highly respected for delivering significant growth in member returns since being appointed in 2017.  Prior to this Shelagh held several executive positions across the UK dairy industry including at Milk Link (formerly Glanbia Foods) and Medina Dairy, having trained as an animal nutritionist. 

Stuart is currently Finance Director at AG Barr plc, the FTSE listed soft drinks brand owner, a role which he has held since 2015.  Prior to this Stuart was with Diageo plc for 22 years in various senior roles working across Europe the USA and Asia, ultimately as Finance Director for Diageo's Global Supply Operation.  Stuart brings strong finance expertise together with a wealth of experience in supply chain operations, logistics and business optimisation.  He is a qualified accountant having begun his career at KPMG.

Upon appointment, Shelagh and Stuart will both serve as members of the Board's Audit, Nomination and Remuneration Committees.

Peter Page, Chairman, commented:

"On behalf of the Board, I would like to welcome both Shelagh and Stuart to Carr's.  

"Shelagh's strong academic background in animal nutrition, deep understanding of and credibility in UK livestock agriculture, and experience in developing a meaningful ESG agenda, will be valuable as we continue to advance the Group's Agriculture businesses.

"Stuart brings broad experience following a well-rounded international career, which included significant time spent living and working in the USA; a key growth market for Carr's.  With his current role as Finance Director of a publicly listed company, Stuart's relevant knowledge on developing financial and commercial issues will be beneficial in the development of future strategy."

There is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 in relation to the appointment of Shelagh Hancock or Stuart Lorimer to the Board.

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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. Carr's operates a decentralised business model that empowers operating subsidiaries enabling them to be competitive, agile, and effective in their individual markets whilst setting overall standards and goals.

Its Speciality Agriculture division manufactures and supplies feed blocks, minerals and boluses containing trace elements and minerals for livestock.

Its Agricultural Supplies division manufactures compound animal feed, distributes farm machinery and fuels, 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, including robotic and remote handling equipment, and provides technical services primarily into nuclear, oil and gas, and defence industries.