Carr's Milling Industries(CRM.L) said effective 28 February 2013 Lord Inglewood would retire as Chairman and Chris Holmes would become Executive Chairman. The company stated that Lord Inglewood has been on the Board since September 2004 and Chairman for the past seven years.
Chris Holmes would initially hold the position of Executive Chairman for a transitional period and it is intended that he would become Non-Executive Chairman by the end of July 2013, Carr's added.
Meanwhile Tim Davies would join the Board as Chief Executive on 1 March 2013. He is presently Group Managing Director of Openfield Group. Prior to Openfield, Tim Davies was Group Managing Director of Grainfarmers Plc.
Chairman, Lord Inglewood,commented, "The Board believes Chris is uniquely placed to be Chairman as a result of his long association with, and knowledge of, the Company."
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