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Stagecoach chairman steps down

by LLB Editor
11th Dec 19 9:39 am

There’s to be a number of changes at the top at rail and bus group Stagecoach.

Chairman Sir Brian Souter (pictured) is to step down on 31 December and become a non-executive director at the firm.

He will be replaced as chairman by Ray O’Toole, currently a non-executive director.

And Mr Souter’s sister, Dame Ann Gloag, will step down as non-executive director, along with Sir Ewan Brown.

Sir Brian said: “At the age of 65, the time is right for me to step down as Stagecoach Chairman to spend time on my other interests and with my family, including my three young grandchildren.

“My family and I continue to have a significant shareholding in Stagecoach and I have every confidence in the management team, our strategy and the positive prospects of the business.

“I look forward to continuing to represent the interests of stakeholders as a non-executive director on the board.”

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