Ann Gloag, Co-founder and non-executive director, Stagecoach

Ann Gloag, Co-founder and non-executive director, Stagecoach

Last Updated: 09 Oct 2013

Who is she?

Gloag and her brother Brian Souter (together now worth £159 million) founded public transport concern Stagecoach in 1980.

How did she make her millions?

They took over small city bus firms and priced rivals out of the market.

In the '90s, they bought Sweden's Swebus for £233 million (sold in 2000, with a £103.5 million debt, for £100 million) and South West Trains for £1. Stagecoach floated in '93, joining the FTSE 100 in '98. It's now worth £1.1 billion.

What's the secret to her success?

Legendarily hard-nosed, Gloag is feared for her negotiating skills. The Competition Commission once called her firm's methods 'predatory, deplorable and against the public interest'.

MT Break

Find this article useful?

Get more great articles like this in your inbox every lunchtime

The art of leadership: From Marcus Aurelius to Martin Luther King

Transformational, visionary, servant… enough is enough.

Lockdown stress: 12 leaders share practical coping tips

In hard times, it's far too easy for the boss to forget to look after...

Don’t just complain about uncertainty, find the tools to navigate it

Traditional in-person research methods won’t work right now, but that’s no excuse for a wait-and-see...

How well have CEOs performed during the coronavirus pandemic?

A new survey offers a glimpse into what their staff think.

Why women leaders are excelling during the coronavirus pandemic

There is a link between female leaders and successful responses to COVID-19.

Why your employees don’t speak up

Research: Half of workers don’t feel comfortable to express concerns - and it’s usually because...