Stobart appoints deputy CEO

■ Logistics group Stobart has appointed Avril Palmer-Baunack as executive director and deputy chief executive. Palmer-Baunack joined the group following Stobart’s recent acquisition of Autologic Holdings. William Stobart has been reappointed as executive director of the group and will rejoin the board, while Richard Butcher becomes chief executive of Stobart Estates. All three appointments are effective immediately. Shares in the firm closed 2.51 per cent down yesterday at 116.40p.