Stobart Group appoints new chairman

By Laurence Gibbons

- Last updated on GMT

Ferguson will take over as chairman on October 1
Ferguson will take over as chairman on October 1

Related tags: Non-executive director, Ftse 250 index

Transport and distribution company the Stobart Group has appointed Iain Ferguson as its new chairman with effect from October 1.

Ferguson will take over from interim chairman Paul Orchard-Lisle who intends to step down from the board in “due course”.

Orchard-Lisle will remain with the group as chairman of its property board.

Ferguson is currently the chairman of textile business Berendsen and a non-executive director of Balfour Beatty and high street baker Greggs.

He is also the lead non-executive director for the Department for Environment, Food and Rural Affairs and the honorary vice-president of the British Nutrition Foundation.

‘Wealth of experience’

Orchard-Lisle said Ferguson, who was also ceo of Tate & Lyle for six years and president of the Food and Drink Federation, will bring a wealth of experience to the role.

“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,” ​said Orchard-Lisle. “He is the ideal person to help the group to move forward and deliver outstanding shareholder returns.

Stobart ceo Andrew Tinkler added that Ferguson would provide experienced leadership at a “pivotal point”​ in the firm’s development.

Rodney Baker Bates also announced his decision to stand down as a non-executive director of the board when further appointments are made.

Related topics: Supply Chain, People & Skills, Services

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