Eddie Stobart Logistics plc has announced the departure, with immediate effect, of CEO Alex Laffey. He will be replaced by Sebastien Desreumaux, currently CEO of subsidiary group iForce and Head of Contract Logistics. As part of the group's review carried out in conjunction with the auditors in relation to the interim results, the board is applying a more prudent approach to revenue recognition, re-assessing the recoverability of certain receivables, as well as considering the appropriateness of certain provisions.

In a statement to the London Stock Exchange the firm said that while revenue expectations for the first half are broadly in line with previous guidance, the full impact of these items on Adjusted EBIT is unclear.