As announced on 6 December 2013, John McFarlane became Chairman of FirstGroup plc on 1 January 2014.
John will receive an annual fee of £250,000 in respect of his role as Chairman and has elected to receive all of that fee in FirstGroup shares, underlining his confidence in the long-term prospects of the Company and aligning himself closely with the interests of shareholders.
He has committed to hold those shares for as long as he remains Chairman or otherwise a Director of the Company.
Contacts, FirstGroup:
Rachael Borthwick
Group Corporate Communications Director, +44 (0)20 7291 0508 / +44 (0) 7771 945432
Stuart Butchers
Group Media Relations Manager, +44 (0) 20 7291 0507 / +44 (0) 7713 317979
Brunswick PR
Michael Harrison/Andrew Porter, +44 (0) 20 7404 5959