FirstGroup replaces CEO with Wolfhart Hauser

FirstGroup replaces CEO with Wolfhart Hauser

UK’s transport company, FirstGroup has appointed Wolfhart Hauser as its new chief executive officer after further disappointing financial results.

FirstGroup is said to be looking at putting its US Greyhound bus service under review as well.

According to Reuters News, the company rejected two approaches from a private equity firm earlier this year, reported a 5 percent fall in adjusted pretax profit to 197 million pounds ($262 million) for the year to March 31, slightly behind a consensus forecast.

Dr. Wolfhart Hauser served as the Chief Executive Officer at Intertek Group Plc from March 31, 2005 to May 15, 2015. Dr. Hauser served as Joint Chief Executive Officer of Intertek Group Plc from March 1, 2005 to March 31, 2005. He started his career as a Scientist and Medical Doctor.

He joined the service industry establishing and leading a broad range of successful service businesses over the past twenty years. For ten years, he served as the Chief Executive Officer of TÜV Product Service GmbH growing the testing and certification business to a leading international position.

From 1998 to 2002, Dr. Hauser served as the Chief Executive Officer and President of TÜV Süddeutschland AG. He has been the Chairman of the Board of Firstgroup plc since July 16, 2015. He served as the Chairman of Dragenopharm GmbH & Co AG from 2002 to 2006. He has been Vice Chair of DNV GL Group AS since August 15, 2016 and its Director since August 2016. He has been a Non Executive Director of Firstgroup plc since May 18, 2015. He has been Senior Independent Director of RELX NV since April 20, 2016. He has been a Non Executive Director of RELX Group plc since April 25, 2013 and has been its Senior Independent Director since April 27, 2016. He has been a Non-Executive Director of Logica France SAS since January 2007.

He has been an Independent Non-Executive Director of Associated British Foods plc since January 14, 2015. He has been a Non-Executive Director of RELX NV, Reed Elsevier Plc (now RELX PLC) since April 25, 2013 and has been its Senior Independent Director since April 21, 2016. He served as an Executive Director of Intertek Group Plc from November 2002 to May 15, 2015. He served as a Non Executive Director of Logica PLC from January 1, 2007 to 2012.

Dr. Hauser holds a Masters degree (Medical Doctor) from Ludwig-Maximilians-University and Doctorate from Technical University, Munich. He graduated in Medicine from University of Munich and Senior Executive Management Programme from London Business School.

He holds a master’s degree in Medicine from Ludwig-Maximilian-University Munich and a Medical Doctorate from Technical University Munich.