Iain Ferguson survives attempts to oust him from Stobart, but he isn’t part of the board’s plan to bring shareholders onside by overhauling personnel, governance and ownership.
Stobart Group Board, inc. Iain Ferguson
A major boardroom overhaul looms at support services group Stobart, despite fending off attempts by investors to oust chairman Iain Ferguson (pictured).
Its AGM saw Ferguson receive 51.2% of votes in favour of him remaining in the chair. Former boss and shareholder Andrew Tinkler, fired from the board last month over allegations of breach of fiduciary duty and breach of contract, was voted back on the board with 51.4%.
However, Tinkler was removed for a second time by the board immediately following the result. Tinkler has reportedly said the board were denying shareholders the right to determine the group’s leadership.
A planned E
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