New team at Carr’s with private equity and change management experience
Speciality agriculture and engineering group Carr’s has appointed new senior leaders to the business with private equity and change management experience.
David White is stepping up to be chief executive from his chief financial officer role, succeeding Peter Page this week (17 November 2023), White previously worked in international senior leadership, operations and finance roles at Aggreko plc.
Gavin Manson has been appointed chief financial officer having previously worked at Electra Private Equity PLC and served as group finance director of Premier Farnell, but he will only attend board meetings by invitation.
Martin Rowland, who was appointed to the board as a non-executive director in March 2023 as part of a relationship agreement with shareholder Harwood Capital Management, will work as executive director of transformation, starting today (13 November 2023).
That agreement which started in March is designed to “ensure that the company is capable of carrying on its business independently at all times” and gives Harwood a board seat as long as the investor holds at least 5% of the company’s issued ordinary share capital.
In April, the Financial Reporting Council (FRC) confirmed it was investigating the work of Big Four firm KPMG during a 2021 audit.
In August Page’s departure was announced just days after a profit warning.
Rowland has held operational and strategic positions in mid-size and large corporates.
In a statement to the stock market this morning the company said more appointments were likely: “Confident that the Executive leadership will focus on continuing to implement the Group’s strategic plan, the Board also intends to supplement this leadership team with additional appointments in coming months.”
Tim Jones, non-executive chair, said: “I look forward to working with David, Gavin and Martin to optimise the Group’s existing businesses, implement our strategy and deliver shareholder value. I would like to thank Peter for his commitment to the company over his tenure and wish him all the best in his future endeavours.”
