Stagecoach founders to step down in board reshuffle after UK rail exit
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(Reuters) - Stagecoach Group Plc said its founders will step down at the end of the year in a board overhaul as the transport operator focuses on bus and tram services after losing its UK rail franchises.Brian Souter and his sister Ann Gloag founded Stagecoach in Perth in 1980, starting out with just two buses bought with their father's redundancy money. Souter will step down as chairman of the board, but continue as a non-executive director, the company said.Stagecoach's shares rose as much as..