Belfast Telegraph

Probe into 'bullying' at Stobart after row at the top

By Helen Cahill

Stobart has launched an investigation into alleged bullying after it became embroiled in a furious boardroom spat.

The firm has appointed Alice Mayhew, an employment barrister at Devereux Chambers, to spearhead an investigation into concerns raised by employees over alleged bullying and the company's whistleblowing procedures.

A boardroom row erupted at Stobart when director and former chief executive Andrew Tinkler attempted to boot out chairman Iain Ferguson.

Mr Tinkler was trying to install retail boss Philip Day as chairman in a bid backed by a fund controlled by star investor Neil Woodfood and Allan Jenkinson, a former Stobart director.

Stobart's new chief executive Warwick Brady said Mr Tinkler's actions had threatened to "destabilise the company" and had "severely impacted" the firm's ability to manage the business on a day-to-day basis and deliver on its strategy.

At the company's contentious annual general meeting Mr Ferguson survived the shareholder vote on his re-election, albeit by a narrow margin.

However, Mr Ferguson said he would step down from the board by March next year.

Belfast Telegraph

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.