Edward Stobart
Encyclopedia
Edward Stobart was a British
haulage company owner
who first became involved with his father's company aged 15 in 1969, and subsequently expanded it into one of the UK's most well known multimodal logistics companies, Stobart Group
. Stobart died on 31 March 2011 in a Coventry
hospital of what was termed 'heart problems'.
. Stobart's father controlled the organisation fully until 1973, when, at the age of 19, Stobart took the place of CEO, while Rodney Baker-Bates was made COO
. In 1976, Stobart's father retired and Stobart took the place of chairman, while Baker-Bates was made CEO and Andrew Tinkler was made COO.
In 1987, Baker-Bates resigned and Stobart's brother William took the place of CEO. However, in 1992, William also resigned, and so Alan Martin took the place of CEO. However, Martin was fired in 1997 after leading a court case against Stobart in order to received more payment. Baker-Bates then returned and took the place of CEO again.
The executive line-up of the group remained with Stobart as chairman, Baker-Bates as CEO and Tinkler in COO until 2004 when, at the age of 50, Stobart retired, and made his brother William COO, promoting Baker-Bates to the part of chairman and Tinkler to the part of CEO.
but was announced dead on arrival. It was later revealed he was suffering from heart problems.
Stobart's funeral service took place on 9 April at Carlisle Cathedral
, followed by a private burial.
In May 2011 it was revealed that Stobart had considerable debts at the time of his death and had indeed filed for bankruptcy
in 2010.
He is survived by his second wife Mandy and their two children, Stobart also had 4 adopted children from his first marriage to Sylvia.
British people
The British are citizens of the United Kingdom, of the Isle of Man, any of the Channel Islands, or of any of the British overseas territories, and their descendants...
haulage company owner
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
who first became involved with his father's company aged 15 in 1969, and subsequently expanded it into one of the UK's most well known multimodal logistics companies, Stobart Group
Stobart Group
Stobart Group Ltd is a large British multimodal logistics company, with interests in Transport and Distribution, Estates, Infrastructure and Civils, Air and Biomass, through operations in the United Kingdom, Ireland and Belgium...
. Stobart died on 31 March 2011 in a Coventry
Coventry
Coventry is a city and metropolitan borough in the county of West Midlands in England. Coventry is the 9th largest city in England and the 11th largest in the United Kingdom. It is also the second largest city in the English Midlands, after Birmingham, with a population of 300,848, although...
hospital of what was termed 'heart problems'.
The Stobart Group
In the 1950s, Stobart's father "Steady" Eddie Stobart founded the haulage business that became Eddie Stobart Ltd, then the Stobart GroupStobart Group
Stobart Group Ltd is a large British multimodal logistics company, with interests in Transport and Distribution, Estates, Infrastructure and Civils, Air and Biomass, through operations in the United Kingdom, Ireland and Belgium...
. Stobart's father controlled the organisation fully until 1973, when, at the age of 19, Stobart took the place of CEO, while Rodney Baker-Bates was made COO
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
. In 1976, Stobart's father retired and Stobart took the place of chairman, while Baker-Bates was made CEO and Andrew Tinkler was made COO.
In 1987, Baker-Bates resigned and Stobart's brother William took the place of CEO. However, in 1992, William also resigned, and so Alan Martin took the place of CEO. However, Martin was fired in 1997 after leading a court case against Stobart in order to received more payment. Baker-Bates then returned and took the place of CEO again.
The executive line-up of the group remained with Stobart as chairman, Baker-Bates as CEO and Tinkler in COO until 2004 when, at the age of 50, Stobart retired, and made his brother William COO, promoting Baker-Bates to the part of chairman and Tinkler to the part of CEO.
Death
On 31 March 2011, Stobart died very suddenly of a massive heart attack. He was rushed to hospital in CoventryCoventry
Coventry is a city and metropolitan borough in the county of West Midlands in England. Coventry is the 9th largest city in England and the 11th largest in the United Kingdom. It is also the second largest city in the English Midlands, after Birmingham, with a population of 300,848, although...
but was announced dead on arrival. It was later revealed he was suffering from heart problems.
Stobart's funeral service took place on 9 April at Carlisle Cathedral
Carlisle Cathedral
The Cathedral Church of the Holy and Undivided Trinity, otherwise called Carlisle Cathedral, is the seat of the Anglican Bishop of Carlisle. It is located in Carlisle, in Cumbria, North West England...
, followed by a private burial.
In May 2011 it was revealed that Stobart had considerable debts at the time of his death and had indeed filed for bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
in 2010.
He is survived by his second wife Mandy and their two children, Stobart also had 4 adopted children from his first marriage to Sylvia.