Go-Ahead Group PLC (GOG) - Chairman Succession
RNS Number : 4791P
Go-Ahead Group PLC
25 October 2012
The Go-Ahead Group plc 4 Matthew Parker Street, London, SW1H 9NP
Telephone 020 7799 8999
25^th October 2012
The Go-Ahead Group plc
("Go-Ahead" or the "Company")
The Board of Go-Ahead announces that Sir Patrick Brown will step down as
Company Chairman and retire from the Board on 24 April 2013. In accordance
with the Board's succession plan, Andrew Allner, currently Senior Independent
Director and Chairman of the Audit Committee, will succeed Sir Patrick Brown
as Company Chairman from 25 April 2013.
Sir Patrick Brown joined the Board in 1999 and was appointed as Company
Chairman in October 2002. Commenting on his decision to retire, Sir Patrick
"Since I joined the Board in 1999, the Group has grown significantly and has
weathered very well the economic storms of recent years. I am grateful for the
opportunity to have worked with Go-Ahead and have enjoyed working with four
Chief Executives and the small, but immensely able, Board of Directors who
have helped steer the Company over the years. The Group is now in a strong
position to move forward and the time is ripe for me to step down. Andrew has
both significant knowledge and understanding of the Group, gained not least
through his four years as Non-Executive Director, and has considerable Board
experience. I am confident that he will do an outstanding job as we continue
to progress our strategy."
Andrew Allner joined the Board as Non-Executive Director and Chairman of the
Audit Committee in October 2008. He was appointed Senior Independent Director
in October 2011. Andrew Allner said:
"I would like to thank Sir Patrick Brown for his long-standing stewardship of
the Group. During his tenure, he has successfully steered the Group through
some challenging times and he leaves the Group with a clear strategy, a strong
Executive Team and significant opportunity for the future. I feel very
privileged to be taking over from Sir Patrick and I look forward to working
with the Board and Executive Team to create further growth in shareholder
value whilst at the same time continuing to improve the already high standard
of our bus and rail operations."
On his accession to Company Chairman in April 2013, Andrew Allner will step
down as Senior Independent Director and Chairman of the Audit Committee. The
Board has commenced a search for a new independent Non-Executive Director with
recent and relevant financial experience to succeed Andrew Allner as Chairman
of the Audit Committee.
For further information, please contact:
Carolyn Sephton, Group Company Secretary 0191 232 3123
Citigate Dewe Rogerson 020 7638 9571
Notes to Editors
Andrew Allner joined the Board of Go-Ahead in October 2008. He chairs the
Audit Committee and sits on the Remuneration Committee and the Nomination
Committee. He was appointed Senior Independent Director in October 2011. He
was formerly a Partner at PricewaterhouseCoopers and is a Fellow of the
Institute of Chartered Accountants in England & Wales. He was Group Finance
Director of RHM plc between 2004 and 2007 and has other Executive and
Non-Executive PLC board experience. Andrew currently holds a number of
external appointments including Non-Executive Chairman at Marshalls plc,
Non-Executive Director at CSR plc, Non-Executive Director at Northgate plc,
Senior Independent Director at AZ Electronics Materials SA and Non-Executive
Chairman of Fox Marble Holdings plc.
Go-Ahead is a leading UK public transport operator, providing high quality
services in the bus and rail sectors. Employing around 23,000 people across
the country, over one billion passenger journeys are undertaken on our
services each year. We are committed to operating our companies in a safe,
socially and environmentally responsible way and are proud to have been
reaccredited with Carbon Trust Standard after taking action on climate change.
In addition to the travelling public, our customers include the Department for
Transport, Transport for London (TfL) and local authorities.
Go-Ahead is one of the UK's largest bus operators. With a fleet of around
4,600 buses, we carry, on average, around 1.7 million passengers every day.
Our operations are focused on high density commuter markets. We have a
strong presence in London, with around 24 per cent market share, where we
provide regulated services for TfL. We operate deregulated services in
Oxford, East Anglia, the South East, Southern and North East England. We also
have a yellow school bus joint venture in North America.
The rail operation, Govia, is 65 per cent owned by Go-Ahead and 35 per cent by
Keolis. It is the busiest rail operation in the UK, responsible for nearly 30
per cent of all UK passenger rail journeys through its three rail franchises:
Southern (which includes the Gatwick Express), Southeastern and London
Midland. Southeastern operates the first and only UK domestic high speed rail
service, between Kent and London.
This information is provided by RNS
The company news service from the London Stock Exchange
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