Former Autologic chief executive Avril Palmer-Baunack has been appointed as deputy chief executive of Stobart Group. Palmer-Baunack also joins the board of directors at Stobart, which completed its acquisition of car transporter giant Autologic last month. Former deputy chief executive Richard Butcher becomes chief executive for Stobart’s property business At the same time William Stobart has re-joined the board of directors at the firm after he stepped down in March 2011. Rodney Baker-Bates, non-executive chairman of Stobart, said: ” With […]
Stobart Group has shaken off a tough start to the year by revealing a 7.2% improvement in the profitability of its transport operations, and a 13% leap in turnover driven by the addition of Autologic.
CM Downton walked away with the big prize of the night – the Haulier of the Year trophy – in front of a sell-out audience of 1,500 at last night’s Motor Transport Awards (13 June). Delighted directors of the family firm Andrew, Richard and John Downton, collected the trophy from co-host Sean Lock. The Moreton Valance, Gloucestershire-based firm has achieved the remarkable feat of boosting turnover and doubling operating profit since the credit crunch struck in 2008 – a performance […]
Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]