BRIEF-Stobart says executive chairman to step down

April 2 Tue Apr 2, 2013 2:08am EDT

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April 2 (Reuters) - Stobart Group Ltd : * Expects to report results moderately ahead of market expectations * Signed a new three year contract with tesco, which runs until 29 February

2016 * Role of executive chairman is no longer appropriate and avril palmer-baunack

will stand down * Avril's departure will be on or around the release of the group's results on

16 may 2013