IN BRIEF: FirstGroup hires former KCOM chief as new CEO

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FirstGroup PLC - Aberdeen, Scotland-based transport provider - Hires Graham Sutherland as chief executive officer, joining on May 16. Sutherland was CEO of telecommunications firm KCOM Group PLC, a London listing until it was bought by a Macquarie investment vehicle back in 2019. Prior to KCOM, Sutherland held senior roles at BT Group PLC, including CEO of the BT Business & Public Sector division. Sutherland's hire follows Matthew Gregory stepping down as CEO at the company's annual general meeting back in September, following investor pressure. In the interim, Non-Executive Chair David Martin had served as executive chair.

Current stock price: 116.50 pence

12-month change: up 39%

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