Stobart Group announces Iain Ferguson as its new Chairman

UK – Stobart is pleased to announce the appointment of Iain Ferguson as its Chairman with effect from 1 October 2013.

Iain brings a wealth of experience to the Group. He is Chairman of Berendsen plc and a Non-Executive Director on the Boards of Balfour Beatty plc and Gregg’s plc. He was CEO of Tate & Lyle plc from May 2003 until the end of 2009 having previously been with Unilever for 26 years following graduation from St Andrews University. Iain is Chairman of Wilton Park (FCO Agency), the Lead Non-Executive Director for Defra, a member of the Better Regulation Strategy Group (BIS) and the Honorary Vice-President of the British Nutrition Foundation. In the past he has been a member of the PWC (UK LLP) Advisory Board (2009-2011), President of The Food and Drink Federation (FDF) and of the Institute of Grocery Distribution (IGD), a member of the Council of Food Policy Advisors (Defra) and The Foresight Global Food and Farming Project and a Non-Executive Director on the Boards of Companies House, Rothamsted Research and Sygen plc.

Paul Orchard-Lisle, Interim Chairman, and Rodney Baker Bates intend to step down from the Group Board in due course, when further appointments are made, but Paul will remain actively involved with the Group as Chairman of its Property Board.

Iain Ferguson said: I am delighted to be joining Stobart at a key point in its development. With its industry-leading Transport and Distribution business and its newer, fast growing Biomass and London Southend Airport businesses the Group has a fascinating portfolio. I will enjoy working with Andrew Tinkler and his highly committed team and recruiting new directors to the Board in order to deliver value for shareholders from all of the Group’s businesses.

Paul Orchard-Lisle, interim Chairman, commented: “I am pleased to welcome Iain to Stobart. He will bring to the Group a wealth of commercial and governance experience and a deep knowledge of our industry and the markets we serve. He is the ideal person to help the Group to move forward and deliver outstanding shareholder returns”

Andrew Tinkler, Chief Executive Officer, said: “I look forward very much to working with Iain. He will provide the Group with experienced leadership at a pivotal point in its development. We have a great business with some significant opportunities and I am very pleased that Iain is joining us to help us to deliver value for shareholders at this important time for the Group.”

About Stobart Group

With over 5,900 employees operating from more than 50 sites across the UK and Europe, Stobart is a UK front-runner in the multimodal logistics, warehousing, civil engineering, rail infrastructure and biomass fuel sectors. At the core of the Group is the Transport and Distribution division, incorporating Eddie Stobart – the iconic name behind a huge road haulage fleet totalling some 2,400 vehicles, over 3,000 trailers and over seven million square feet of warehousing. Stobart Estates, Stobart Infrastructure and Civils, Stobart Air and Stobart Biomass divisions complete the Group’s business structures

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.