Ex-Carphone Warehouse director resigns from Big Yellow Group board over share scandal

David Ross, the entrepreneur and chartered accountant, has resigned from a
fourth company over a shares scandal.

Ross has resigned as a director of Big Yellow Group after failing to declare
nearly 11.5m shares in the storage company as collateral for personal loans.

Ross, who began his career at Arthur Andersen, has already resigned from
, and
National Express,
a bus operator, and Cosalt, a marine
safety equipment maker, after failing to declare that he had used stakes in the
companies as backing against personal loans.

‘It is with sadness that we have accepted David’s resignation,’ Big Yellow
Group chairman Nicholas Vetch said in a statement. ‘He joined the board in March
2000 at the time of our IPO and has provided tremendous support to me and has
helped us steer Big Yellow over the past eight years. I and the rest of the
board will miss his valued guidance and experience and wish him well for the

Related reading