The completion of the sale of Wincanton to US supply chain management giant GXO has been announced and sees a swathe of Wincanton board directors resign as part of the deal, reports Carol Millett.
Out go chairman Sir Martin Read, senior director Gillian Barr, and non-executive directors Anthony Bickerstaff, Mihiri Jayaweera, Deborah Lentz and John Pattullo.
Executive directors James Wroath and chief financial officer Tom Hinton will remain on the Wincanton board.
It is expected the Wincanton brand will also disappear as part of the acquisition, if GXO follows the same strategy it did with Clipper Logistics, which it bought in 2022 and which now goes under the brand GXO Logistics.
In the meantime, the businesses will continue to be run independently until the UK Competition and Markets Authority has completed its review.
