Transport group Eddie Stobart Logistics, has said its CEO Alex Laffey is to stand down with immediate effect.
The company's shares are also to be suspended while it re-examines its accounts.
Last month, the company revealed that following a review of its accounts, its earnings for last year were £2m lower than previously reported.
The company had been due to report its half-year results at the end of the month, but the review of its accounts means the results are now likely to be delayed until next month.
Sebastien Desreumaux, currently CEO, iForce and Head of Contract Logistics, will take over as Chief Executive of the transport group.
He's expected to be appointed to the Board in due course, the company said in a statement.
