Carr’s Group CEO stands down with immediate effect
Carr’s, the Cumbrian agriculture and engineering group, announced this morning that Hugh Pelham has stepped down from his role as chief executive, leaving the group with immediate effect, and will pursue other interests.
Peter Page, chairman, has become executive chairman on an interim basis.
Mr Page said: “On behalf of the board we thank Hugh for his contribution since joining at the beginning of the year.
“Group performance remains in line with the improved guidance provided in our trading update on 19 July 2021.
“We look forward to updating shareholders on the group’s progress at the time of our full year results on 22 November.”
Carr’s announced the appointment of Mr Phelham in September, last year, and he took up the role in January, 2021, replacing Tim Davies, who had led the Carlisle-headquartered company since 2013.
Mr Pelham brought more than 30 years’ experience in leading growing businesses across various sectors. He joined Carr’s from manufacturer Minova, where he was global president, and previously spent four years as managing director of Wood Group Industrial Services.
Last September, Peter Page said: “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.”
Carr’s was founded in 1831 and now has 1,300 staff across the world, including sites in the United States and Germany.