Go-Ahead announces departure of CFO

The Board of Go-Ahead has today announced that Patrick Butcher, Group Chief Financial Officer, will be leaving the Group to join Capita Plc as Chief Financial Officer.

The Board has begun a process to appoint a successor and a further announcement will be made in due course.

Andrew Allner, Chairman of the Board, said:

“On behalf of the Board I would like to thank Patrick for his contribution to the business.”

David Brown, Group Chief Executive, commented:

“I’d like to thank Patrick for his support during some challenging years in the transport industry. His role in developing our international pipeline and our future of transport projects leaves the Group in a stronger position to meet the changing needs of our customers and colleagues.”

Patrick Butcher added:

“I’ve really enjoyed my time at Go-Ahead and believe that the Group is in a strong position.  I look forward to watching the Group continue to succeed as its strategy delivers sustainable growth for the benefit of all its stakeholders.”

Patrick will be staying with Go-Ahead for the next few months to support the business during the search for a successor.

– Ends –

Notes to editors 

For more information please contact:

Go-Ahead press office
communications@go-ahead.com
020 7799 8978

Citigate Dewe Rogerson
Michael Berkeley, Chris Barrie, Toby Moore
0207 638 9571

About Go-Ahead

Go-Ahead is a leading UK public transport operator, providing high quality services in the bus and rail sectors. Employing around 27,000 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 accredited with triple Carbon Trust Standard for reductions in carbon, water and waste. In addition to the travelling public, our customers include the Department for Transport, Transport for London (TfL) and local authorities.

Bus

Go-Ahead is one of the UK’s largest bus operators. With a fleet of around 5,200 buses, we carry over two 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. Outside London, we operate services in Oxford, East Anglia, the South East, Southern and north-east England. In September 2016, the Group began operating a bus contract in Singapore, on behalf of the Land Transport Authority.

Rail  

The rail operation, Govia, is 65 per cent owned by Go-Ahead and 35 per cent by Keolis. It is the largest rail operation in the UK, responsible for over 30 per cent of all UK passenger rail journeys through its rail franchises: GTR (Govia Thameslink Railway) and Southeastern.  

Disclaimer

Certain statements included in this press release contain forward-looking information concerning the Group’s strategy, operations, financial performance or condition, outlook, growth opportunities or circumstances in the sectors or markets in which the Group operates. By their nature, forward-looking statements involve uncertainty because they depend of future circumstances, and relate to events, not all of which are within the Group’s control or can be produced by the Group. Although the Group believes that the expectations reflected in such forward–looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct.  Nothing in this press release should be construed as a profit forecast and no part of these results constitutes, or shall be taken to constitute, an invitation or inducement to invest in The Go-Ahead Group plc or any other entity, and must not be relied upon in any way in connection with any investment decision.  Except as required by law, the Group undertakes no obligation to update any forward looking statement.