FirstGroup has announced that chief executive Sir Moir Lockhead is to stand down from his role early next year after 21 years at the head of the Aberdeen-based transport group.
He will be succeeded by former London Underground boss Tim O’Toole, who was named as chief operating officer of the group earlier this year.
“I firmly believe that timing is everything and with FirstGroup in a strong position to continue its successful development the time is right for me to hand over to an...
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