Forth Ports Limited, the UK’s third largest ports group, has appointed ex-Stewart Milne Group CEO Stuart MacGregor as chief financial officer (CFO) and as a member of the group’s main board.

Forth Ports’ portfolio includes Tilbury (London), Grangemouth, Leith, Dundee, Rosyth, Methil, Burntisland and Kirkcaldy.

Forth Ports’ principal shareholder is Canada’s Public Sector Pension Investment Board (PSP Investments) and its other owners include Australian pension funds First State Super and Cbus, plus GLIL Infrastructure LLP (GLIL) — a joint venture between a number of English local government pension funds.

“Stuart brings a wealth of expertise to the role, with a career spanning over 30 years in the international drinks and UK house building sectors, in financial leadership, strategic business transformation, commercial and operational excellence,” said Forth Ports.

“Most recently, as Chief Executive Officer at Stewart Milne Group, he led the business through significant strategic initiatives, driving both growth and operational performance.

“Prior to that, he held senior financial leadership roles at both Stewart Milne, including the role of Chief Financial Officer, and Heineken based in Europe.

“Stuart is an ICAEW Chartered Accountant. He joins the company on 9th December 2024, reporting directly to Chief Executive Officer, Stuart Wallace. His appointment follows a thorough and competitive recruitment process.”

Forth Ports CEO Stuart Wallace said: “With a proven ability to align financial strategy with business ambitions, Stuart’s financial and executive director leadership will be pivotal as we continue to evolve as a business, positioning Forth Ports for continued sustainable growth and long-term success.

“I am confident that Stuart will not only strengthen our executive team but also bring significant strategic insight and value to the main board and we look forward to him joining the business in December.”

MacGregor said: “I am thrilled to be joining Forth Ports at this exciting time for the business. This is a growing company with strong ambitions in sectors that are critical to the Scottish and UK economies. I look forward to playing my part in its future success.”