FirstGroup's Lockhead to retire, O'Toole named successor

Former London Underground chief will succeed Lockhead as FirstGroup chief executive in November

Former London Underground chief will succeed Lockhead as FirstGroup chief executive in November

After 21 years at the helm of FirstGroup and its predecessor companies, Sir Moir Lockhead has announced that he will retire. He will be succeeded at the end of next month by former Tube boss Tim O'Toole, who joined the board of the Aberdeen-based group as a non executive director in May 2009, before his appointment as deputy chief executive in June 2010.

FirstGroup chairman Martin Gilbert said that Lockhead had made an outstanding contribution to FirstGroup and to the transport industry as a...