It was agreed by Page and the board that he will resign from his role as of 27 February 2018 as part of the group's 2017 full-year results announcement.
Devro's current group finance director, Rutger Helbing, will be Page's successor and will fulfil the position as of 28 February. Page will remain available in an advisory capacity to ensure a smooth transition is achieved.
"Peter has made a huge contribution to Devro during the last 10 years, turning the company into one of the world's leading suppliers of collagen casings for food, with a network of world-class manufacturing facilities," said Gerard Hoetmer, chairman of Devro.
"He will leave with our best wishes and we wish him every success with the next steps of his career. We are delighted to have someone of Rutger's calibre to succeed Peter and we are happy that, after having worked together for almost two years, there will be a smooth transition of leadership."
Rutger is still relatively new to the Devro family, having joined the company in April 2016. Prior to joining the sausage casings manufacturer, which operates internationally, he was the group chief financial officer of Element Six, a global firm manufacturing synthetic diamond supermaterials. A Dutch national, he also worked in finance and general management with ICI/Akzo Nobel and Unilever.
In additional news, Devro's trading from 1 July to 31 October 2017 was in line with the board's expectations, with total sales volumes ahead of the equivalent period last year.