Mpac Group plc announced that Adam Holland, Chief Operating Officer, will succeed Tony Steels as the Group's Chief Executive. Tony has informed the Board of his intention to retire from the Group having led Mpac as CEO for more than six years. Adam joined Mpac in November 2022 from JCB where he has held various senior executive positions, initially as General Manager at JCB Service before taking over as Managing Director at JCB Power Products Ltd, responsible for the production sites in the UK, India and global distribution.

Most recently Adam led a programme to drive a structural reduction in product cost across JCB Group in the role of Commercial Director, Group Purchasing. Adam is a Chartered Engineer and Physicist. There will now be an orderly handover period and it is has been agreed that Tony will formally step down from the Board and leave the Company at the AGM on 17 May.