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FirstGroup’s chief steps down as annual results disappoint

Public Transport

Andrew Forster
08 June 2018
 

FirstGroup chief executive Tim O’Toole has stepped down  following disappointing results for 2017/18. 

O’Toole, an American who has led the British company since 2010, was placed on ‘gardening leave’ last week. He will leave at the end of September.  

“The time is right for me to step aside,” said O’Toole. “Today’s results clear the way for the new approach sought by our chairman and the board.” 

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