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Dec 2019

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11 Dec 2019

Bus firm founders to step down

The brother-and-sister cofounders of Stagecoach are to stand down as the company announced a fall in revenues.

Sir Brian Souter (b. 1954) will resign as chairman but stay on the board, while Dame Ann Gloag (b. 1942) will retire completely.

Ann Gloag and Brian Souter
Sir Brian Souter and Dame Ann Gloag
(Credit: PA/Getty Images)

The pair founded the firm, which has become one of the UK’s biggest bus and coach operators, in 1980.

Sir Brian said that, at the age of 65, he wanted to pursue other interests and spend more time with his grandchildren.

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