William Stobart’s appointment as executive chairman of the operating businesses of Eddie Stobart Logistics has been confirmed.

His proposed return to fold, at the helm of Greenwhitestar Acquisitions (GWSA), was first revealed in November as part of DBAY’s takeover plans for Eddie Stobart Logistics.

Shareholders of the latter voted in favour of DBAY’s move to secure the future of the business earlier this month.

Under the terms of the deal, Marcelos Ltd, a wholly-owned subsidiary of DouglasBay Capital III Fund LP, a fund managed by DBAY Advisors, has indirectly acquire a 51 per cent stake in GWSA, which until immediately prior to completion was a wholly-owned subsidiary of Eddie Stobart and in turn held the company’s interests in the trading entities of the group.

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