Network Rail has announced its appointment of Jeremy Westlake, current Chief Financial Officer, as its new Chief Executive.
Westlake will replace Sir Andrew Haines on 20 October following a transition period in which they will work alongside each other.
Following this period, Sir Andrew is set to retire.
In his new role, Westlake, who has previously served as Chief Financial Officer since 2016, will oversee the amalgamation of Network Rail with Great British Railways.
Acting Chair of Network Rail, Mike Putnam, said:On behalf of the Board, I am delighted to announce Jeremy Westlake as our new Chief Executive. He brings extensive leadership experience from across the transport and engineering sectors, both in the UK and internationally. 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.
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.
I would also like to extend my heartfelt thanks to Andrew for his outstanding leadership over the past seven years. His vision for a simpler, more integrated railway has been instrumental in shaping the path to Great British Railways and improving the experience for millions of rail users.
Network Rail has also announced that Group Finance Director Paul Marshall will be stepping in to fill the Chief Financial Officer role left by Westlake.
Jeremy Westlake said:I’m honoured to be appointed Chief Executive at such a pivotal time for Britain’s railway. 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.
I would also like to congratulate Paul Marshall on his appointment as Chief Financial Officer. Paul’s expertise in financial management and commitment to driving efficiency will be invaluable as we move towards GBR.
The appointment was made following a formal process handled by the Nomination & Remuneration Committee of the Network Rail Board and was officially approved by the Secretary of State for Transport.
