Transport group’s shareholders try to put brakes on former Carillion FD’s appointment
Shareholders voiced their disapproval yesterday at the performance of Carillion's former finance director Richard Adam - not at an AGM in Wolverhampton, but in Aberdeen.
Adam had spent a decade as Carillion's finance director before leaving at the end of 2016.
Bus and transport operator FirstGroup had appointed Adam as an independent non-executive director in February, but at its AGM his appointment was opposed by 22.7% of the shareholders.
In a statement, FirstGroup noted the opposition but backed Adam.
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