Matthew Gregory, chief executive of FirstGroup, is to step down in September, the FTSE 250 bus and train operator announced this morning alongside full-year results. It comes a day after its largest shareholder, Coast Capital, demanded that he and two other board members resign following the controversial sale of its US bus business. Coast opposed the deal, which it said undervalued the business. SponsoredDavid Martin, the chairman, is to become interim executive chairman. A source close to the company insisted that it was Gregory’s decision to

Source: The Times July 27, 2021 07:52 UTC