Eddie Stobart chief quits as share trading is suspended

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By Alexander Whiteman

23/08/2019

Eddie Stobart chief executive Alex Laffey is to step down with immediate effect after the company suspended trading in its shares over “accounting discrepancies”. The BBC reports that last month the haulier revealed a £2m error in its 2018 results. The firm’s largest investor, Neil Woodford, is expected to come under renewed pressure. He holds a near-23% stake in Stobart and suspended trading in his largest fund in June, following a spike in the number of investors calling for their money back.

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