Network Rail’s Chief Financial Officer, Jeremy Westlake, will replace Sir Andrew Haines as Chief Executive from October.
Westlake, who has been CFO since 2016, will take up his new role on October 20 after a handover period from the outgoing Haines who announced his retirement earlier this year.
He will be replaced Paul Marshall, Network Rail’s Group Finance Director.
Top of Westlake’s agenda will be amalgamating Network Rail with Great British Railways over the coming years.
Transport Secretary Heidi Alexander said: “I would like to warmly congratulate Jeremy on his appointment. Having someone with his expertise and experience across the transport sector will be invaluable as this government continues to invest in rail to bring about lasting change and growth.”
Acting Chair of Network Rail, Mike Putnam, said Westlake “brings extensive leadership from the transport and engineering sectors”.
“His strong track record in encouraging cross-industry collaboration, working closely with our supply chain, and driving continuous improvement will be crucial as we continue the transition towards Great British Railways,” he added.
“At a time of significant transformation for the rail industry, Jeremy’s experience and strategic insight will be key to ensuring Network Rail continues to deliver a safe and reliable railway for passengers and freight customers.”
Alexander and Putnam also thanked Haines for his work in unifying track and train operations.
Westlake said he was “honoured” to be appointed CEO.
"I look forward to working with colleagues across the industry to continue building a railway that is safe, efficient, and fit for the future - serving passengers, freight, and communities across the country," he said.
Prior to joining NR he spent 14 years at Rolls-Royne in both the UK and United States, where he held senior finance, operational and supply chain roles. In 2013 he joined Alstom Transport as SVRP Finance.
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