LONDON (Alliance News) - Stobart Group Ltd on Thursday made several changes to its senior management team and board as part of its plan to strengthen corporate governance of the business.
The infrastructure & support services company appointed Michael Williamson as interim chief financial officer, but said he will not formally join the board.
Stobart said Williamson has extensive experience working across quoted and privately-owned companies for the past 25 years.
The company's Commercial Director Nick Dilworth was promoted to the role of Chief Operating Officer from the beginning of September.
Dilworth joined the company in November last year, it said. Since then, he has made the significant contribution in developing the commercial strategies of the operating divisions.
Finally, Stobart hired Ginny Pulbrook as a non-executive director from the beginning of October.
Pulbrook will join the company from Capital Market Communications. Prior to that, she was a co-founder of UK public relations firm Citigate Dewe Rogerson.
Looking forward, the company said it intends to appoint a new non-executive chairman, a new senior independent director and at least one more non-executive director ahead of its annual general meeting in 2019.
"We have moved quickly to strengthen the board, and are pleased to have been able to appoint such experienced directors," said Chairman Iain Ferguson.
Shares in Stobart were trading 1.1% higher on Thursday morning at 236.50 pence.
