BusinessCompany NewsAccountant to drive Stagecoach Group

Accountant to drive Stagecoach Group

Stagecoach Group has confirmed that Brian Souter, former Arthur Andersen accountant, has taken over as acting chief executive of the UK-based transport company.

The move follows the resignation of Keith Cochrane, its former chief executive.

Meanwhile Stagecoach dispelled allegations appearing in the national press that it’s Texas-based US subsidiary, Coach USA, had suffered ‘accounting irregularities’.

A company insider said the reports referred to Coach’s performance prior to it’s purchase by Stagecoach.

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