Eddie Stobart’s son William is new executive chairman

Warrington-based Eddie Stobart Logistics plc said on Tuesday that former chairman William Stobart, son of founder Eddie, has been appointed executive chairman of its major subsidiary GWSA.

GSWA controls the trading entities which were formerly subsidiaries of Eddie Stobart Logistics.

“Eddie Stobart Logistics plc has been informed by Greenwhitestar Acquisitions Limited (GWSA) that William Stobart has been appointed executive chairman of GWSA and its subsidiaries with day to day management responsibility,” said Eddie Stobart Logistics in a stock exchange statement.

“Sebastien Desreumaux, who became chief executive of Eddie Stobart Logistics plc in August 2019, has resigned from the board of GWSA and will leave GWSA at the end of December 2019.

“The board thanks Sébastien for his exceptional leadership of the company through its recent challenging period

“The company has an indirect 49 per cent interest in the issued shares of GWSA following completion of the transaction with Douglas Bay Capital Fund III LLP announced on 10 December 2019.

“GSWA indirectly holds 100 per cent of the interests in the trading entities which were formerly subsidiaries of the company.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.