News / Shareholders soften stance as Wincanton enjoys stronger results and new chair

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Shareholders appear to be easing the pressure on Wincanton, with the company’s new chairman Martin Read receiving praise for its “strong” half-year performance.

In April, major shareholder Gatemore Capital called on Wincanton to divest itself of either its retail or industrial transport (I&T) division and refocus operations on core competencies.

The company rejected the plan, but the combination of Mr Read’s appointment and the results, covering April to September, have led Gatemore’s managing partner Liad Meidar to soften his position.

“We are pleased ...