08/05/2006
Stagecoach Group plc (“the Company”) is pleased to announce that Sir George Mathewson will join the Board of the Company as a Non-Executive Director with effect from 8 June 2006.
Sir George was Chairman of The Royal Bank of Scotland Group plc (“Royal Bank”) until his retirement on 28 April 2006. Sir George is currently an advisor to the Royal Bank and also a director of the Scottish Investment Trust plc.
No other information is required to be disclosed pursuant to paragraph LR 9.6.13 R of the Listing Rules of the Financial Services Authority in relation to Sir George’s appointment as a director of the Company.
Commenting on Sir George’s appointment, Robert Speirs, Chairman said: “We are delighted that Sir George Mathewson is joining the Board. He brings a formidable range of skills to Stagecoach Group, including substantial experience of working with major UK-listed companies.”
| CONTACTS: | |
| Telephone | |
| Stagecoach Group plc | |
| Martin Griffiths, Finance Director | 01738 442 111 |
| Steven Stewart, Head of Media & Public Affairs | 01738 442 111 |
Notes to the editors
Sir George Mathewson (aged 65) was educated at Perth Academy and graduated from St Andrews University (BSc, PhD). Sir George has a wide background in finance, technology and management. He joined The Royal Bank of Scotland Group in 1987 as Director of Strategic Planning and Development and in 1990 was appointed Deputy Group Chief Executive. In January 1992, he was appointed Group Chief Executive and, following the acquisition of NatWest, Sir George was appointed Executive Deputy Chairman in March 2000. In April 2001, Sir George was appointed Chairman of The Royal Bank of Scotland Group.
Sir George is a director of the Scottish Investment Trust plc. In November 2001, he was appointed to the Board of Directors of the Institute of International Finance and in June 2005, he became President of the International Monetary Conference. Sir George joined the Advisory Committee of Bridgepoint Capital Limited in January 2004 and in November 2004, he was appointed a member of the Financial Reporting Council. From 1981 to 1987, Sir George was Chief Executive of the Scottish Development Agency being widely recognised for his achievements in economic development. From 1972 to 1981, he was with ICFC (now 3i), the leading UK development capital organisation. Prior to 1972, and after a period in academic life, he spent five years in the United States as a professional engineer with Bell Aerospace during which time he graduated MBA.
