Carr's Group plc announced that the following previously announced Board changes are applicable with immediate effect: Tim Jones joins the Board as Non-Executive Chair; Peter Page relinquishes the role of Executive Chair; and Neil Austin stands down from the Board. The Group also announced that Martin Rowland will join the Board as a Non-Executive Director, effective 6 March 2023. Mr. Rowland is appointed as a representative of Harwood Capital Management Limited ("Harwood") pursuant to a relationship agreement between the Company and Harwood. The primary purpose of the relationship agreement is to ensure that the Company is capable of carrying on its business independently at all times.

In accordance with the terms of the relationship agreement, Mr. Rowland shall be entitled to remain on the Board of Directors of the Company provided that Harwood retains an aggregate interest of at least 5% of the Company's issued ordinary share capital. Mr. Rowland is currently Non-Executive Chairman of Smoove plc. He has spent the last 14 years in a variety of investment roles, working for institutional private equity houses and investing alongside family offices. Prior to this Martin held operational and strategic roles in mid-sized and large corporates.

He has been a director of companies in an executive and non-executive capacity, helping businesses to scale organically and through acquisition.