Network rail announces new CEO

Andrew Haines will be the new Chief Executive of Network Rail – but he is expected to be paid considerably less than the outgoing CEO.

Retiring boss Mark Carne will be leaving his post in Autumn to make way for Haines, who the Guardian reports will be earning £588,000, including benefits, with a possible nine per cent bonus.

“I am delighted to be joining Network Rail to build on the excellent work of Mark Carne,” Haines said in a statement. “Since my first job as a left luggage clerk at London Victoria I’ve been passionate about improving the services that the railways provide to customers and the wider economy.

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“It will be an immense privilege to work alongside the dedicated, professional colleagues at Network Rail and many partner organisations to deliver closer working between track and train, embed devolution and turning the digital railway strategy into reality whilst efficiently delivering on challenging safety, operational, engineering and investment commitments.”