Carr's Group PLC Appointment of Non Executive Director (1423U)

TIDMCARR

RNS Number : 1423U

Carr's Group PLC

27 July 2020

27 July 2020

CARR'S GROUP PLC

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

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Carr's (CARR.L), the Agriculture and Engineering Group, announces that Kristen Eshak Weldon has been appointed as an independent Non-Executive Director and will join the Board with effect from 1 October 2020.

Kristen was until recently a member of the Executive Group at Louis Dreyfus Company, one of the world's largest traders of agricultural commodities, where she focused on innovation and forward-looking investments across global agriculture. As Head of Food Innovation and Downstream Strategy, she led the group's investment activities in the ag-tech and food technology industries. Prior to Louis Dreyfus, Kristen spent thirteen years at Blackstone, the leading global investment business, where she was co-head of the London office for the company's $75 billion Hedge Fund Solutions business.

Kristen's extensive strategic experience in creating and appraising investment opportunities, and knowledge of agricultural markets, will help support the development of the Group's Agriculture businesses and the wider Group's future strategy, driving long-term shareholder value.

Commenting on her appointment, Kristen Eshak Weldon said: "I am delighted to be joining the Board of Carr's. The Group's market leading brands and focus on technology and innovation position it well for an exciting and prosperous future, and I look forward to supporting the Group on the next stage of its journey."

Peter Page, Chairman, commented: "On behalf of the Board, I would like to welcome Kristen to Carr's. Kristen brings extensive expertise in agriculture and a global viewpoint gained at one of the largest agricultural commodities businesses in the world, as well as strategic thinking and commercial discipline. Her experience will be immensely useful in guiding the Group as it continues to grow market share and increase its range of value-adding products".

There is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 in relation to the appointment of Kristen to the Group Board.

Enquiries:

 
Carr's Group plc              Tel: [phone] 
 Peter Page (Chairman) 
Powerscourt                   Tel: [phone] 
 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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July 27, 2020 02:49 ET (06:49 GMT)