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Executive chairman Wolfhart Hauser has taken on the chief executive’s responsibilities temporarily until Mr O’Toole’s successor is appointed.

He or she will be faced with a host of serious problems not only in First’s UK bus operations but also in its train operating franchises here (Great Western, South Western and Trans Pennine) and with the Greyhound bus operation in the US.

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Göran Nyberg has quit as president of Volvo Trucks North America (VTNA) following his surprise appointment as MAN Truck & Bus executive board member responsible for sales and marketing.

The terms of his employment contract with Volvo Group mean he is unable to start in the new job, based at MAN’s Munich, Germany head office until 16 September.

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Two years ago Mr Hay was promoted to truck sales vice president for Scania’s entire global activities, based in Sweden.He took over from Hans-Christer Holgersson as Scania (Great Britain) managing director in September 2013.Mr Hay too has worked for Scania for decades, 28 years to be precise, including spells as managing director of what then was the Scantruck dealer group and later as a director of the company’s south-east region.He starts the new job on 1 September, taking over from Claes Jacobsson who is returning to his native Sweden, to the Scania head office in Södertälje near Stockholm and a new post, details of which were unclear as was finalised this month.Mr Jacobsson, 60, has worked for Scania for 19 years, joining the company in Sweden in April 1999 as head of what then was a fledgling financial services division.

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