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People: Issue Issue 28 30 May 2012

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Investors question future of FirstGroup’s chairman

FirstGroup is facing pressure from investors to consider removing its chairman, Martin Gilbert. Several major shareholders have voiced concern that he is unable to give sufficient attention to the job in addition to commitments as chief executive of Aberdeen Asset Management. Some shareholders also believe there is a need to refresh the Board, given that Gilbert has been in place since 1995.

Analysts have also raised concerns about his position given recent profit warnings relating to the...

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