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Appointment of Chairman

Press releases | 18 July 2018

Close up of Wincanton cab door with logo and rear view mirror

WINCANTON PLC

(‘Wincanton’ or the ‘Group’) 

Appointment of Chairman

Wincanton announces today that Dr Martin Read CBE has been appointed Chairman of Wincanton with effect from 1 August 2018.  Martin is Chairman of two government owned companies (the Low Carbon Contracts Company and the Electricity Settlements Company), the Remuneration Consultants Group and the UK Government Senior Salaries Review Body. He will shortly be stepping down from the Franchise Board of Lloyd’s of London where he has served for nine years.  Martin has extensive and varied experience as a former Chief Executive of international IT services company, Logica, as Chairman of Laird plc and as a Non-Executive Director on the boards of Invensys, Aegis Group, British Airways, Boots, Asda and the UK Government Efficiency and Reform Board. He spent the first seven years of his career in the container transport sector. 

Stewart Oades, Interim Chairman, commented:

“I am delighted to welcome Martin to our Board as Chairman. We have conducted a thorough, independent, external selection process and it was evident that Martin was the best candidate to become our next Chairman. Martin’s significant experience and knowledge are a tremendous asset for Wincanton, and I look forward to working closely with him as the Group moves forward.” 

Dr Martin Read CBE commented:

“Wincanton has a strong position in the UK and Ireland logistics market and a good reputation for serving its customers well. I am delighted to be joining the team and helping it to deliver the company’s significant potential.”

The Board wishes to convey its thanks to Stewart Oades for his service as Interim Chairman from September 2017. Stewart will now resume his former role as Senior Independent Director of the Board of Wincanton which he temporarily vacated during the completion of the selection process for a permanent Chairman. Martin has also been appointed as the Chairman of the Nomination Committee.

Contacts

For further information please contact:

Adrian Colman, Chief Executive Officer, Wincanton

01249 710 000

Tim Lawlor, Chief Financial Officer, Wincanton

01249 710 000

Richard Oldworth, Buchanan

020 7466 500