Carr’s Group chief executive Tim Davies has decided to step down from the post after seven years, the company has announced.

Mr Davies succeeded Chris Holmes in the role from March 2013, with Mr Holmes moving to become executive chairman until his retirement earlier in 2020. Before that, Mr Davies had been managing director of the Grainfarmers co-operative since 2005, with his tenure including the merger with Centaur Grain to form Openfield.

The Carr’s board says it has already instigated a rigorous process to select a suitable successor to lead the Group in the coming years. Mr Davies will remain in post until a successor is appointed and for a handover period to ensure a smooth transition.

“It has been a privilege to serve as CEO of Carr’s over the last seven years and I am proud of the achievements of my colleagues and the Group during that time,” says Mr Davies. “I firmly believe that now is the right time for a new CEO to lead the Group, building upon its strong position, and to develop its strategy into the future.”

Group chair Peter Page adds: “On behalf of the board, I would like to thank Tim for his enormous contribution over the last seven years. He has led the group with passion and integrity, developing its international focus and a strong organisational culture. I look forward to continuing to work closely with Tim during the succession phase.”