Another key figure is to step down from their role at Eddie Stobart as the company prepares to announce its first financial update since its protracted takeover.

In a statement to the London Stock Exchange, the Cumbrian-born logistics giant announced that its former chief financial officer Anoop Kang will step down from the board of Greenwhitestar Acquisitions Limited, the holding company for all of the trading entities within the Eddie Stobart group.

Mr Kang took up the role of chief financial officer at Eddie Stobart in April last year and, following the takeover by Isle of Man based investment firm DBAY Advisors in December, stepped down from its board to take up the same position at Greenwhitestar.

Following a hand over period he will formally leave the holding company in mid-April, Eddie Stobart said.

“The Board thanks Anoop for his strong contribution to the Company through its recent challenging period,” the company said in the statement.

“The Company continues to work to finalise the interims and a further announcement will be made in due course.”

He will follow Eddie Stobart chief executive Sebastien Desreumaux out of the door. He left at the end of 2019 shortly after DBAY’s takeover was voted through by Eddie Stobart, having held the position for just five months.

Announcing his departure, Eddie Stobart bosses said William Stobart – fourth child of the company’s founder – would be taking on “day-to-day management responsibility” of the company under its new owners.

Mr Stobart has been touted as key to DBAY’s ambition to restore the company to past glories. Just days after its completion, he was confirmed as executive chairman of Greenwhitestar, in which DBAY has a 51 per cent stake.

In the lead up to its takeover – which was rubber-stamped on December 9 after a tumultuous few months for the Cumbrian-born logistics giant – DBAY said Mr Stobart would “work alongside the company’s existing management team” to boost its financial performance during the busy festive period.

The recent high-profile departures make clear Mr Stobart’s hands-on role as the company continues on its long road to recovery.

Eddie Stobart bosses and DBAY had both warned that the company was on the brink of collapse prior to the crunch shareholder vote.

Mounting debts, a £200 million IOU to its lenders, a £2m accounting error that resulted in its shares on the junior AIM stock exchange being suspended in August, along with a warning that losses for the first half of 2019 could be higher than £12m, combined to create a bleak outlook for the company.

Resisting advances by high-profile Cumbrian businessman Andrew Tinkler to consider a rival proposal, more than 80 per cent of shareholders voted through the DBAY deal.

Following the vote DBAY and Eddie Stobart’s lender – Allied Irish Bank, Bank of Ireland, BNP Paribas and KBC – injected £75 million of liquidity to the company to keep it on the road over the festive period and provide a foundation for Mr Stobart to build on.

The publication of Eddie Stobart’s interim results will be keenly watched as a sign of its health and prospects going forward.