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FirstGroup chief to step down after pressure from shareholder

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Matthew Gregory to leave in September amid criticism from US hedge fund Coast Capital

FirstGroup, one of the UK’s largest bus and train operators, has announced its chief executive is to step down, just a day after the firm’s biggest shareholder called for his resignation.

Matthew Gregory, who has been chief executive since 2018, will step down after the company’s annual shareholder meeting on 13 September.

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