Managing Director of London Underground Tim O’Toole resigned yesterday saying it was time to return to the United States.
“I am sad to leave London Underground (LU) but after six years in London it is time to go home,” said O’Toole.
“LU’s customers and employees can look forward to the continuing transformation of the Tube with the delivery of major projects between now and the London 2012 games. I am particularly proud that LU employees have achieved record operating results and all-time.”
O’Toole has been in the role since the London Underground Public Private Partnership (PPP) began in 2003 and he was one of its fiercest critics, particularly of tube upgrade contractor Metronet, which collapsed in 2007.
The National Audit Office will present its report into the reasons behind the collapse of Metronet to Parliament at the end of March.
“Tim has led LU to its highest levels of performance while carrying record numbers of passengers - all at a time of great change as billions are invested to improve the Tube,” said London’s Commissioner of Transport Peter Hendy.
“His leadership was exemplified by getting London moving again so quickly after the terrorist attacks of July 2005.”
He was awarded the CBE in recognition of London Underground’s response to the July 7 terrorist attacks in 2005. Prior to his position at London Underground, he was president and chief executive of Consolidated Rail Corporation, one of America’s most successful rail networks.
Labour’s transport spokesperson on the London Assembly Val Shawcross, said: “The Mayor clearly cannot hold together the world class team London needs. Tim O’Toole is an outstandingly able manager and has been a terrific public servant. His departure is a huge blow to London’s Tube upgrade programme in preparation for the Olympics and a catastrophe for Boris Johnson’s administration.”
Tim will step down from LU at the end of April.
London Underground will advertise for someone to fill O’Toole’s shoes shortly.