Network Rail chairman Rick Haythornthwaite has announced he will not put forward his name for re-election at Network Rail’s annual general meeting.
“By sending a clear signal that I will play no further role in the company’s affairs from July 2012, everyone can have confidence that I will discharge my remaining duties without fear or favour,” Haythornthwaite said.
Haythornthwaite revealed his decision as he delivered the inaugural Bradshaw Address outlining his priorities for the final year of his three-year term as chairman.
The annual general meeting will take place on 19 July 2012 in Glasgow. Haythornthwaite’s successor will stand for election, by Network Rail’s members, who perform the role of shareholders but the rail infrastructure operator and owner said further details about the selection and succession process would be announced in due course.