Thursday, 25 February 2016

Stagecoach Group PLC : Directorate Change

Stagecoach Group plc has announced planned changes to its Board of Directors.

After almost nine years on the Board, Garry Watts has given notice of his intention to step down as the Company's Deputy Chairman and Senior Independent Director on 1 April 2016 and to step down from the Board on 31 July 2016.
In addition, having served around six years on the Board, Phil White has informed the Company that he intends to resign from the Board with effect from 23 April 2016 to reduce his public company directorships and to pursue other interests.

  Will Whitehorn, currently a non-executive director of the Company, will assume the role of Deputy Chairman and Senior Independent Director with effect from 1 April 2016.  

The Company has commenced a search for an additional two non-executive directors.

Sir Brian Souter, Chairman, said:
"On behalf of the Board, I would like to thank Garry and Phil for their contributions to Stagecoach Group. The strength and depth of their experience with listed companies has been a great asset to the Company and its governance over recent years.

"Will Whitehorn has been an independent non-executive director of the Company since 2011.  Together with his substantial experience across transport and other sectors, it means he is well placed to be the Company's Deputy Chairman and I am delighted that he has agreed to assume the role."