Eddie Stobart
Born
Edward Pears Stobart

(1929-04-18) 18 April 1929
Cumberland, England
Years active1940–1989 (Retired)
Known forFounder of "Eddie Stobart Ltd"
(now Eddie Stobart Logistics)
Spouse
Nora Boyd
(m. 1951)
Children4, including Edward and William
Scania G400 (L7487 Joanne Hazel) and Scania R440 (H6342 Laura Anne). seen here in Widnes

Edward Pears Stobart (born 18 April 1929)[1] is a British businessman who started an agriculture business in the late 1940s. This became Eddie Stobart Ltd in 1970 and expanded to a haulage company during the 1970s with the help of his late son Edward Stobart who gradually took over the running of the company. In 2004, the youngest son William Stobart and Andrew Tinkler (William Stobart's then brother-in-law) bought the company. Eventually the company demerged and became two separate public companies: the Stobart Group and Eddie Stobart Logistics.

Life and career

He was born to John and Adelaide Stobart in July 1929. Stobart married Nora Boyd on 26 December 1951, and they live in Cumbria. They had four children: Anne (born 1952), John (1953–2022), Edward (19542011) and William (born 1961). Eddie bought his first lorry (a Guy Invincible four-wheeler truck) second-hand from the local garage in 1960, and had it re-painted in his choice of colours: post office red and Brunswick green. He took over the collection of basic slag (a waste product of steelworks used as fertiliser) when local company Harrison Ivinson went out of business, and purchased two Ford Thames Trader trucks which were also painted in his favourite colours with his logo on the doors. A contract with ICI for storage of basic slag in 1963 enabled expansion of the business, and it became a limited company: Eddie Stobart Ltd in November 1970 with a share value of ten thousand pounds. In 1978 with a downturn in the Economy Eddie had 8 vehicles on the road along with a leased vehicle to Pickervance.[2] Eddie continued to run the company until 1976, when son Edward took over running the transport side, but father Eddie continued to be involved, and retained his own separate warehouse until 1989, when he handed over full control to his sons Edward and William, retaining the title of non-executive chairman of Eddie Stobart Ltd until December 1992. The business grew into one of the largest privately owned transport and distribution companies in England, controlling around 2,500 trucks.

References

  1. Millom celebrates VE Day with action... Archived 2 December 2013 at the Wayback Machine. eladvertiser.co.uk. 11 August 2005
  2. Noel Davidson (1998). Only the Best will do: The Eddie Stobart Story, pages 76, 88 and 124. Ambassador, ISBN 978-1-84030-043-7.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.