There you are mr Bobs6 Dec 2013 08:16
FirstGroup appoints John McFarlane as Chairman
FirstGroup plc announces that John McFarlane will join the board with immediate
effect, and succeed Martin Gilbert as Chairman effective 1 January 2014, at
which time Martin will retire from the board.
John is chairman of Aviva plc, the UK's largest insurance group by assets,
having joined the board in September 2011, during which period he spent eight
months in an executive capacity pending the appointment of a new CEO.
Considerable progress has been made at Aviva under his leadership.
John is also non-executive director of Westfield Holdings Ltd, the world's
largest retail mall operator headquartered in Sydney, with flagship
developments in London, and of Old Oak Holdings Ltd, a London-based
privately-owned financial holding company.
John spent over 38 years in the international financial institutions sector,
including ten years as CEO of Australia and New Zealand Banking Group Limited.
ANZ is now one of the top 20 banks in the world by market capitalisation. Prior
to that, he was an executive director at Standard Chartered, and head of
Citibank in the UK. His early career was with Ford in Dagenham in
manufacturing. More recently, in October 2008, he joined the board of the Royal
Bank of Scotland Group as a non-executive director to assist in its recovery
post the global financial crisis.
John Sievwright, Senior Independent Non-Executive Director, said:
"On behalf of the Board, I am pleased to announce the appointment of John
McFarlane as Chairman of FirstGroup. John is an outstanding leader with
extensive international experience and a track record of leading strategic
change and value creation that speaks for itself. I am delighted to welcome him
to the Group where his experience will be invaluable as we drive forward our
plans to improve our returns, resilience and growth prospects.
"I would also like to pay tribute to Martin Gilbert who has been involved with
the Group since its formation and has been instrumental in establishing its
position as the leading transport operator in the UK and North America. On
behalf of the Board and everyone at FirstGroup I would like to thank him for
his enormous contribution to the Group over many years", he said.
Commenting, John McFarlane said:
"I am pleased to be joining FirstGroup at an important stage of its evolution.
The Group has short-term challenges which we will naturally need to overcome,
but I am convinced it has significant opportunity to benefit from its
market-leading positions and to deliver sustainable long-term value for
shareholders. I look forward to playing a pivotal role in its future."