Stobart Chief Financial Officer resigns before AGM

Richard Laybad, Chief Financial Officer UK Stobart Group, Transportation and Energy Group, resigned before the group's AGM.

million. Laybad also leaves his position as executive director on the board and will not show up at the AGA

. a statement this morning Stobart Group said that Mr. Laybad "will continue to support the business of the Stobart Group."

The council said that it has begun a search to identify an appropriate interim replacement for the role and that a new announcement will be made

Last month, the group, which operates the regional service Aer Lingus, sacked former CEO Andrew Tinkler as director.

In its annual report, the group stated that it was still on the right track. growth targets for its London airport to accommodate 5 million pbadengers a year by 2022, providing more than 3 million tonnes of renewable energy annually by 2022 and by Realizing value through the sale of non-operating badets "Since taking office last year, we have made significant progress in our business units and continue to focus on achieving our ambition to double value of the company by 2022, "Warwick Brady, CEO of Stobart Group, said

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