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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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17 Jan 2020 07:27

Flybe in talks with govt about loan -BBC

LONDON, 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 bailout, reported the BBC.Rival airlines British Airways and Ryanair have attacked a...

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16 Jan 2020 15:40

TOP NEWS: Ryanair Calls For Tax Holiday Extension After Flybe Rescue

TOP NEWS: Ryanair Calls For Tax Holiday Extension After Flybe Rescue

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16 Jan 2020 15:32

Ryanair boss joins condemnation of UK bailout of Flybe

LONDON, Jan 16 (Reuters) - The boss of Irish low-cost airline Ryanair has attacked the UK government-backed rescue of regional airline Flybe, joining industry heavyweight Willie Walsh in opposing state help for a private company.Ryanair CEO Michae...

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16 Jan 2020 12:45

Toscafund Ups Stake In Stobart Group To 19% As Ex-Stobart Chief Sells

Toscafund Ups Stake In Stobart Group To 19% As Ex-Stobart Chief Sells

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16 Jan 2020 12:07

UPDATE 2-UK's Stobart invests $12 mln in rescue of airline Flybe

* Stobart is part of consortium that bought Flybe* Flybe rescue backed by UK government earlier this week (Adds background, quote from statement)Jan 16 (Reuters) - Britain's Stobart Group will provide 9 million pounds ($11.8 million) in funding for...

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16 Jan 2020 11:57

Stobart Ready To Inject GBP9 Million Into Rescued Flybe's Coffers

Stobart Ready To Inject GBP9 Million Into Rescued Flybe's Coffers

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15 Jan 2020 14:06

British Airways Owner Lodges Complaint With EU Over Flybe Rescue Deal

British Airways Owner Lodges Complaint With EU Over Flybe Rescue Deal

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15 Jan 2020 09:43

UPDATE 4-UK defends throwing Flybe a lifeline after rivals complain

* IAG files complaint with the EU over Flybe rescue* PM's spokesman says govt help has not broken state aid rules* Details of UK support for Flybe have not been made public* Rival airlines say Flybe's owners should foot the bill (Recasts with PM's ...

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15 Jan 2020 09:43

UPDATE 2-BA owner complains to EU about UK state help for Flybe

* IAG files EU complaint over Flybe rescue* Details of UK support for Flybe have not been made public* Rival airlines say Flybe's owners could foot the bill (Adds details on IAG complaint to EU, background)By Sarah YoungLONDON, Jan 15 (Reuters) - Br...

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15 Jan 2020 09:43

UPDATE 3-BA owner complains to EU about UK state help for Flybe

* IAG files EU complaint over Flybe rescue* Details of UK support for Flybe have not been made public* Rival airlines say Flybe's owners could foot the bill (Adds TV to media identifier)By Sarah YoungLONDON, Jan 15 (Reuters) - British Airways owner ...

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15 Jan 2020 09:43

UPDATE 1-Airlines boss Walsh condemns UK help for Flybe

(Adds background)LONDON, Jan 15 (Reuters) - Willie Walsh, head of the British Airways parent company, has attacked a government-backed rescue of regional UK airline Flybe, calling it a blatant misuse of public funds.Flybe was rescued on Tuesday af...

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15 Jan 2020 08:40

LONDON MARKET OPEN: Muted Start As US And China To Sign Phase One Deal

LONDON MARKET OPEN: Muted Start As US And China To Sign Phase One Deal

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15 Jan 2020 07:35

Former CEO Of Stobart Group Andrew Tinkler Sells Entire 5% Stake

Former CEO Of Stobart Group Andrew Tinkler Sells Entire 5% Stake

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15 Jan 2020 06:50

UPDATE: Flybe Collapse Averted As UK To Review Air Passenger Duty

UPDATE: Flybe Collapse Averted As UK To Review Air Passenger Duty

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14 Jan 2020 18:22

Ministers 'Delighted' As Government Grants Flybe Rescue Deal

Ministers 'Delighted' As Government Grants Flybe Rescue Deal

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