Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSTOB.L Share News (STOB)

  • There is currently no data for STOB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Stobart appoints interim finance chief after boardroom row

Thu, 23rd Aug 2018 09:11

(Sharecast News) - Stobart Group has appointed an interim finance chief and two directors as the infrastructure group seeks to rebuild its board after a bitter bust-up. Michael Williamson will become interim chief financial officer on 10 September, replacing Richard Laycock who left the FTSE 250 company in July. Williamson, who had been standing in as CFO at Gama Aviation, will not join the board.Nick Dilworth, currently group commercial director, will join the board as chief operating officer on 1 September. Stobart has also recruited Ginny Pulbrook, who will become a non-executive director on 1 October.The owner of Southend airport has been looking to rebuild its board after a dispute in which former chief executive tried to depose chairman Iain Ferguson, triggering legal accusations from both sides. The dispute highlighted wider issues with Stobart's governance.Pulbrook works at Camarco, a public relations firm, and spent 26 years at rival communications adviser Citigate Dewe Rogerson, which she co-founded. Stobart had been criticised by the Investment Association for not having a woman on its board.Ferguson said: "We have moved quickly to strengthen the board. Nick has already supported the commercial progress of the Company through his work with the leadership teams of our operating divisions. Ginny will add further commercial insight as well as bringing significant experience of providing strategic advice to the Boards of some of the UK's largest companies. Michael, who has considerable PLC experience, will oversee the Group's finance function."The company is still looking for a new non-executive chairman, a senior independent director and at least one more non-executive director.
More News
5 Mar 2020 12:20

Stobart writes down £50m after Flybe collapse

(Sharecast News) - Stobart Group said it would write down more than £50m of investments in the consortium that owned the collapsed airline Flybe.

Read more
5 Mar 2020 12:12

TIMELINE-Flybe's rise and fall over four decades

March 5 (Reuters) - British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the struggling carrier the industry's first big casualty of the coronavirus outbreak.Here's a look at the more than 40-year rise and f...

Read more
5 Mar 2020 11:34

UK ready to support regional airports after Flybe collapse -minister

LONDON, March 5 (Reuters) - Britain "stands ready" to support regional airports after the collapse of airline Flybe on Thursday, Kelly Tolhurst, a junior minister with responsibility for aviation, told parliament."We recognise the impact that this...

Read more
5 Mar 2020 10:39

UK WINNERS & LOSERS SUMMARY: Capita Sinks After Swinging To Loss

UK WINNERS & LOSERS SUMMARY: Capita Sinks After Swinging To Loss

Read more
5 Mar 2020 10:07

UPDATE 3-Airlines face $100 billion-plus virus hit, discounts 'wouldn't do any good'

(Recasts with comments by Southwest Airlines CEO)By David Shepardson and Aradhana AravindanWASHINTGON/SINGAPORE, March 5 (Reuters) - The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body ...

Read more
5 Mar 2020 10:07

UPDATE 4-Airlines face $100 billion-plus virus hit, discounts 'wouldn't do any good'

(Adds details on weakness of airline stocks, industry background)By David Shepardson and Aradhana AravindanWASHINTGON/SINGAPORE, March 5 (Reuters) - The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, ...

Read more
5 Mar 2020 10:07

UPDATE 1-Coronavirus hit to airlines could top $100 billion, Flybe collapses

* IATA sees lost revenue of $63-$113 bln due to virus* British regional airline Flybe enters administration* Norwegian Air scraps profit guidance, cuts flights* Turkish has to fly jet home empty after virus caseBy Sarah Young and Aradhana AravindanLO...

Read more
5 Mar 2020 10:07

UPDATE 2-Coronavirus hit to airlines could top $100 billion, Flybe collapses

(Adds more IATA comments, Southwest warning, analysts)* IATA sees lost revenue of $63-$113 bln due to virus* British regional airline Flybe enters administration* Norwegian Air scraps profit guidance, cuts flights* Turkish has to fly jet home empty a...

Read more
5 Mar 2020 10:07

Stobart To Write Down GBP50 Million Due To Flybe's Failure

Stobart To Write Down GBP50 Million Due To Flybe's Failure

Read more
5 Mar 2020 09:27

Coronavirus crisis intensifies for airlines as UK's Flybe collapses

* British regional airline Flybe enters administration* Norwegian Air scraps profit guidance, cuts flights* Turkish has to fly jet home empty after virus caseBy Sarah Young and Terje SolsvikLONDON/OSLO, March 5 (Reuters) - The worsening coronavirus ...

Read more
5 Mar 2020 08:31

LONDON MARKET OPEN: FTSE 100 Fails To Capitalise On Improved Mood

LONDON MARKET OPEN: FTSE 100 Fails To Capitalise On Improved Mood

Read more
5 Mar 2020 08:04

LONDON BRIEFING: Stobart To Writes Down Investment In Failed Flybe

LONDON BRIEFING: Stobart To Writes Down Investment In Failed Flybe

Read more
5 Mar 2020 07:44

LONDON MARKET PRE-OPEN: Exhibitions Firm Hyve Issues Profit Warning

LONDON MARKET PRE-OPEN: Exhibitions Firm Hyve Issues Profit Warning

Read more
5 Mar 2020 06:34

TOP NEWS: Regional Airline Flybe Collapses Into Administration

TOP NEWS: Regional Airline Flybe Collapses Into Administration

Read more
4 Mar 2020 22:17

UPDATE 7-British airline Flybe collapses as coronavirus deals final blow

* Airline struggling before coronavirus hit demand* Accounting firm EY to handle administration* Could hurt government plans for regional connectivity* Govt trying to fill routes, Loganair steps in on 16 (Adds Eastern Airways picking up three routes...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.