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First’s chairman quits but coup defeated

05 July 2019
 

FirstGroup’s chairman is to step down later this month, just weeks after the company revealed its new strategy to focus on the North American market and separate out the UK bus business via sales, joint ventures or a demerger.

The announcement that Wolfhart Hauser will not seek re-election at First’s annual general meeting on 25 July followed last week’s general meeting at which shareholders rejected proposals by the company’s largest shareholder, Coast Capital, to...

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