Net Asset Value • Jul 8, 2016
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National Storage Mechanism | Additional information
RNS Number : 6676D
Stobart Group Limited
08 July 2016
STOBART GROUP LIMITED
('Stobart' or 'the Group')
Board changes
Stobart, the infrastructure and support services group, announces changes to its Board to address the opportunities within its growing Energy Division.
Ben Whawell, who has been the Group's Chief Financial Officer for nine years, will become Chief Executive Officer of Stobart's Energy division. This change of focus for Ben will provide the Energy Division with strong, experienced, dedicated leadership at a very important phase of its development. The Energy Division is expected to see strong growth over the next two years as existing fuel supply contracts come on stream to meet the demand from new biomass power generating plants as they are commissioned.
In order to be fully focussed on leading the Energy Division, Ben will step down from the Board on 8 July 2016. The recruitment of a new Chief Financial Officer for the Group is well advanced and Ben will continue to support the Board and the finance function throughout the transition. A further announcement will be made in due course.
Enquiries:
| Redleaf Communications | 020 7382 4730 |
| Emma Kane | [email protected] |
| Charlie Geller Sam Modlin |
|
| influence Associates | 020 7287 9610 |
| Stuart Dyble James Andrew |
This information is provided by RNS
The company news service from the London Stock Exchange
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