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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.
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4 Mar 2020 22:17

UPDATE 6-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 routes (Adds govt comment on Loganair, expert...

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4 Mar 2020 22:17

UPDATE 5-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 (Adds further reaction, background)By Sarah Young and Kate HoltonLONDON, March 5 (Reuters) - Briti...

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4 Mar 2020 22:17

UPDATE 4-British regional airline Flybe collapses after coronavirus blow

* Airline struggling before coronavirus hit demand* Accounting firm EY to handle administration* Could hurt government plans for regional connectivity (Adds industry details, reaction)By Sarah YoungLONDON, March 5 (Reuters) - British regional airlin...

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4 Mar 2020 22:17

UPDATE 2-British regional airline Flybe due to go into administration -source

* Airline already struggling before coronavirus hit demand* Accounting firm EY ready to handle administration* Planes continuing to fly for now* Flybe failure to hurt UK govt plans for regional connectivity (Adds owner comments, company and industr...

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4 Mar 2020 22:17

UPDATE 1-British regional airline Flybe due to go into administration -source

(Adds company background, company declining to comment)LONDON, March 4 (Reuters) - British regional airline Flybe is due to go into administration in the next few hours, a source told Reuters on Wednesday, as the already struggling carrier failed ...

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4 Mar 2020 21:17

British regional airline Flybe due to go into administration - source

LONDON, March 4 (Reuters) - Troubled British regional airline Flybe is due to go into administration in the next few hours, a source told Reuters on Wednesday.Flybe had been seeking a government loan to help it survive. The airline is owned by Con...

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4 Mar 2020 20:47

Troubled UK airline Flybe cancelling flights - ITV

LONDON, March 4 (Reuters) - British regional airline Flybe, which has been seeking financial aid from the government, has cancelled all flights from Birmingham airport, a reporter for broadcaster ITV said.Flybe said in a statement on Wednesday tha...

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4 Mar 2020 14:43

PRESS: Flybe Edging Closer To Liquidation; UK Government Loan Unlikely

PRESS: Flybe Edging Closer To Liquidation; UK Government Loan Unlikely

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26 Feb 2020 09:59

Eddie Stobart's Losses Mount But "On Stable Footing" Amid DBAY Backing

Eddie Stobart's Losses Mount But "On Stable Footing" Amid DBAY Backing

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22 Feb 2020 11:00

PRESS: Ryanair Boss Still Confident In Boeing; Muslim Remark Backlash

PRESS: Ryanair Boss Still Confident In Boeing; Muslim Remark Backlash

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18 Feb 2020 08:58

PRESS: UK Government Could Backtrack On Flybe Tax Cut - Telegraph

PRESS: UK Government Could Backtrack On Flybe Tax Cut - Telegraph

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12 Feb 2020 15:02

IAG's Bid For Details On UK Government's Flybe Dealings Fails

IAG's Bid For Details On UK Government's Flybe Dealings Fails

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17 Jan 2020 11:33

Flybe Seeking Loan From UK Government After Tax Holiday

Flybe Seeking Loan From UK Government After Tax Holiday

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17 Jan 2020 09:41

UPDATE 1-Flybe discussing loan on commercial terms with government -BBC

(Adds Flybe statement)By Sarah YoungLONDON, Jan 17 (Reuters) - Struggling British regional airline Flybe is in talks with the government about a loan on commercial terms which would not represent a state bailout, the BBC reported on Friday.British...

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17 Jan 2020 09:31

Flybe Says UK Tax Holiday "Will Only Last A Matter Of Months"

Flybe Says UK Tax Holiday "Will Only Last A Matter Of Months"

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