| Edward Stobart | |
|---|---|
| Born | 21 November 1954 Hesket Newmarket, Cumbria, England[1][2] |
| Died | 31 March 2011 (aged 56) Coventry, West Midlands, England |
| Cause of death | Heart attack |
| Nationality | British |
| Ethnicity | White British |
| Occupation | Businessman |
| Years active | 1969–2011 |
| Known for | Stobart Group |
| Net worth | £60 million+ (estimated).[3] |
| Spouse | Sylvia (divorced); 4 adopted children Mandy (?–2011) (his death); 2 children |
| Parents | Eddie Stobart (father) Nora Stobart (mother) |
Edward Stobart (21 November 1954 – 31 March 2011) was a British haulage company owner who first became involved with his father's company aged 15 in 1969, and subsequently expanded it into one of the UK's most well known multimodal logistics companies, Stobart Group.[4] Stobart died on 31 March 2011 in a Coventry hospital of what was termed 'heart problems'.[5]
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In the 1950s, Stobart's father "Steady" Eddie Stobart founded the haulage business that became Eddie Stobart Ltd, then the Stobart Group. Stobart's father controlled the organisation fully until 1973, when, at the age of 19, Stobart took the place of CEO, while Rodney Baker-Bates was made COO. In 1976, Stobart's father retired and Stobart took the place of chairman, while Baker-Bates was made CEO and Andrew Tinkler was made COO.
In 1987, Baker-Bates resigned and Stobart's brother William took the place of CEO. However, in 1992, William also resigned, and so Alan Martin took the place of CEO. However, Martin was fired in 1997 after leading a court case against Stobart in order to received more payment. Baker-Bates then returned and took the place of CEO again.
The executive line-up of the group remained with Stobart as chairman, Baker-Bates as CEO and Tinkler in COO until 2004 when, at the age of 50, Stobart retired, and made his brother William COO, promoting Baker-Bates to the part of chairman and Tinkler to the part of CEO.[4][6]
On 31 March 2011, Stobart died very suddenly of a massive heart attack. He was rushed to hospital in Coventry but was announced dead on arrival. It was later revealed he was suffering from heart problems.[7] Stobart's funeral service took place on 9 April at Carlisle Cathedral, followed by a private burial.[8][9]
In May 2011 it was revealed that Stobart had considerable debts at the time of his death and had indeed filed for bankruptcy in 2010. [10]
He is survived by his second wife Mandy and their two children,[6] Stobart also had 4 adopted children from his first marriage to Sylvia.[11]