Coast CIO: FirstGroup CEO in Job 'A Year Too Long'

Share:

Bloomberg Daybreak Europe

Business


FirstGroup's CEO Matthew Gregory does not have the right experience to lead the transport operator, says Coast Capital chief investment officer James Rasteh. Speaking to Daybreak Europe's Anna Edwards and Matt Miller, Rasteh discusses the activist hedge fund's turnaround plan for FirstGroup. In response, FirstGroup says it "considers the views of all shareholders" and it will keep engaging with Coast Capital "having attempted to do so constructively for more than a year."