Carlisle-based agriculture and engineering firm Carr’s Group announced that CEO Peter Page “has agreed with the board that he will not seek re-election at the company’s next annual general meeting (AGM), currently expected to be held in January 2024 and will step down from the board following the conclusion of the AGM.”

Carr’s Group said Peter Page joined the company in November 2019, was appointed non-executive chairman in January 2020 and took on the interim role as executive chairman in October 2021, before being appointed CEO in February 2023.

“The board is initiating plans for Mr Page’s succession in accordance with its strategy and future leadership requirements and further announcements will be made in due course, as appropriate,” said the company.

Carr’s Group chairman 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 order book and a Speciality Agriculture division poised for long-term growth when its end markets recover.”

Page said: “I would like to thank all of my colleagues at Carr’s with whom I have worked over the recent years. I will support the board in the completion of key milestones before ensuring an orderly handover to my successor.”