Board Changes At Railtrack.Business Editors LONDON--(BUSINESS WIRE)--Nov. 17, 2000 The Board of Railtrack announced today that it had, with regret, accepted the resignation of Chief Executive Gerald Corbett fully-protect. . Mr. Corbett will step down from his post today.The Board would like to place on record its thanks to Mr. Corbett for the way in which he had managed the immediate aftermath of the Hatfield accident and had overseen the establishment of the network recovery plan. Mr. Corbett felt, and the Board agreed, that having put in place the National Recovery Plan, the time was now right for someone fresh to lead the Company forward. Railtrack Chairman, Sir Philip Beck said: "The Directors would like to thank Gerald for his enormous contribution to the company, through his leadership, energy and enthusiasm the Company has made major steps forward. "In accepting his resignation the Board has recognized that the time is now right for someone fresh to lead the Company forward." Steven Marshall, currently Finance Director, has been appointed Chief Executive with immediate effect. Mr. Marshall joined Railtrack a year ago from Thorn thorn, in botany thorn, sharp-pointed projection on some plants, usually protective in function. Botanically, thorns are distinguished as modified stems (as in the honey locust and hawthorn) from spines, which are modified leaves (as in the barberry), and where he held the position of Chief Executive. Recognizing the significant operational challenges that the Company faces Jonson Cox, Director of Operations, becomes Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Sebastian Bull, currently Corporate Finance Director, will assume the role of acting Finance Director. He will join the Group Committee and attend future Board meetings. The Chairman, Sir Philip Beck, has asked the Board to commence a search for a new Non Executive Chairman, with substantial experience in leading a major public company, to take up the post following the Annual General Meeting in 2001. Sir Philip Beck said: "Our new Chief Executive Steve Marshall  This article or section is an autobiography, or has been extensively edited by the subject, and may not conform to Wikipedia's NPOV policy.Please see the relevant discussion on the . brings a proven track record and a broad commercial and business experience from a number of customer focused companies. Prior to joining Railtrack a year ago, Steve was Chief Executive of Thorn plc. "Railtrack faces a challenging agenda, and the Board has great confidence in Steve and the management team to deliver added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. , while meeting our public service obligations." Note to editors Steven Marshall Mr. Steven Marshall was appointed Finance Director of Railtrack Group PLC on December 1, 1999. Mr. Marshall (43), a Fellow of the Chartered Institute of Accountants, joined Thorn PLC in 1995 as Group Finance and Commercial Director, before becoming Group Chief Executive in 1998. Prior to joining Thorn, he held senior finance positions in Grand Metropolitan PLC, latterly as Finance Director of International Distillers & Vintners European business. His earlier career included various financial positions at Burton Group and BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. Group. Mr. Marshall was a director and trustee from 1991 - 93 of The Civil Trust, from 1993-95 non- executive director of Zwack Unicum Unicum is a Hungarian herbal bitters, drunk as a digestif and apéritif. According to legend, the drink was initially presented by an ancestor of Zwack founder József Zwack to Kaiser Joseph II of Austria, who proclaimed "Das ist ein Unikum!" ("This is a specialty!"). (Hungary's largest wine and spirits company). He is also a member of the One Hundred Group of Finance Directors. Jonson Cox Jonson Cox (43) joined Railtrack from Kelda Group Kelda Group plc (LSE: KEL) is a British utility company. It is based in Bradford, England and is listed on the London Stock Exchange. It is a constituent of the FTSE 250 Index. plc (formerly Yorkshire Water plc) where he was Managing Director for three years. Since 1997, he has successfully led the company through a major program of change, restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and re-engineering, post privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned . Jonson was the Managing Director and Chairman of the former company Yorkshire Environmental Limited for five years and has been a main board member of Kelda Group plc since 1994. He joined Railtrack as Director, Operations which was a newly scoped role responsible for managing operations and performance throughout Railtrack's network. Jonson joined Yorkshire Water from Royal Dutch/Shell in 1992. He began his career with the Shell Group in 1979. His assignments with the Group included Business Development Manager for Shell International Petroleum Co., and a range of general management positions in the US and Europe. Jonson sits on the University of York This article is about the British university. For the Canadian university, see York University. The University of York is a campus university in York, England. Environmental Advisory Board. He has also been a director of the Water Services Association/Water UK. All recent releases can be found on the Railtrack web site at the following address: http://www.railtrack.co.uk/corporate/notice. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion