Ex-Network Rail Boss To Head National Express
The former head of Network Rail, Sir John Armitt, is to become the new chairman of National Express, the bus and rail operator.
I have learned that Sir John's appointment is to be announced by National Express later today.
Sir John will replace John Devaney, who has been a member of the National Express board since April 2009. Mr Devaney's tenure as chairman has been an eventful one as the transport group fought off a takeover bid from CVC Capital Partners, the buyout firm, and overcame a hostile activist campaign from Elliott Advisers, a hedge fund.
The recruitment of Sir John, who led the Olympic Delivery Authority for five years, culminating in last summer's successful hosting of the Olympic and Paralympic Games, is a coup for National Express.
He was previously chief executive of Network Rail from October 2002 and chief executive of Railtrack plc from December 2001.
Sir John is also a non-executive director of the Berkeley Group and an advisory board member of PricewaterhouseCoopers and Siemens.
National Express is the UK's biggest operator of urban bus services outside London, and operates the c"c commuter rail franchise between London and Essex.
National Express could not be reached for comment.