Construction UK Logo For Mobile
Time and date
Share this page
Construction News

Coucher To Step Down As Chief Executive Of Network Rail

Iain Coucher has informed Network Rail's Board of his intention to step down following eight years with the company, including three years as Chief Executive.

He will remain in his post over the coming months and will be involved in the search and recruitment of a successor to allow for a smooth and orderly transition.

Network Rail Chairman, Rick Haythornthwaite, said: "Iain has been an outstanding leader for Network Rail both as chief executive and deputy chief executive. During his time with the company Britain’s railway has been transformed with improved punctuality which is at record levels, safety improved and billions removed from the company’s costs through efficiency saving. What was a company with enormous problems in 2002 is a strong and stable one today – and Britain's rail users and taxpayers are the main beneficiaries.


"The Board and Iain agreed that ,with Network Rail one year into a five year financial settlement, now is the ideal time in our financial and regulatory cycle for Iain to hand over to a new chief executive who will guide the company through the process of reviewing our funding with the Office for Rail Regulation for the next regulatory control period and address the next phase of challenges in its transformational journey.

"Iain and I are working closely together to find a successor and then deliver a smooth and orderly transition, all the time focussed on making sure that throughout the period the company continues to deliver a safe, reliable and efficient railway."

Network Rail Chief Executive, Iain Coucher, said: "I am enormously proud of what the Network Rail team has achieved over the past eight years. Britain’s railway is now on a sure footing for the future.

"Following three years as chief executive, and five before that as Deputy, now is a good time for me to move on. The company needs continuity of leadership throughout the next five year regulatory review period.

"Leading the thousands of dedicated railwaymen and women that make up this company has been the greatest privilege of my professional life. I know that under the management team we have in place, complemented by a new chief executive, they will continue to go from strength to strength in the future."

A process to select a new chief executive is now underway, led by the chairman, Iain Coucher and the Board.


Latest Construction News


The UK Government is set to end its controversial Help to Buy mortgage scheme by the end of this year, it has been announced. In a letter to Bank of England governor Mark Carney, Chancellor Philip Hammond stated the initiative had a "specific purpose that has now been successfully achieved". The s

Balfour Beatty has increased its presence in the UK Rail market by purchasing Omnicom Engineering. The acquisition will expand Balfour Beatty's services for clients across the rail infrastructure lifecycle, from feasibility studies and planning through to design and implementation, maintenance and

McLaren Construction has begun work to build a new £45 million residential development in Wandsworth. The contractor has been appointed by Lendlease to deliver 110 new properties in Southshields. The project is due to be completed in 2018. Designed by Scott Brownrigg, the properties will be split

A roofing company has been fined after an employee fell from a scaffold during chimney repair works at a property in Kings Lynn, Norfolk. J Webber Roofing Limited of 81 Gayton Road, Gaywood, Kings Lynn pleaded guilty to breaching Regulation 4(1)(a) of the Work at Height Regulations 2005. It was fin

Property developer Grainger has agreed to forward purchase a new Private Rented Sector (PRS) development for £40 million in Leeds. The company has committed to the build-to-rent Leeds Riverside scheme on the former Yorkshire Post Gateway site in the city centre. The development will comprise of 24

Property regeneration specialist U+I has submitted plans to build 1,000 new homes in the London City Region. The company is proposing to develop four mixed-use projects worth over £250 million in Ashford, Maidstone, Swanley and Woking. Designed by Guy Hollaway Architects, the Ashford scheme will s

The UK Government has been urged by the Transport Committee not to ignore safety concerns with the designs of its smart motorways projects. In June 2016, the committee warned 'all lane running' schemes should not proceed while major safety concerns existed. The Department for Transport (DfT) predi

The former Deputy Property Manager of Buckingham Palace has been sentenced after taking bribes to award lucrative mechanical and electrical (M&E) contracts. Ronald Harper was found guilty of conspiring to receive corrupt payments from the former owners of Melton Power Services (MPS) and BSI Nordale

The Crown Commercial Service (CCS) has strengthened its Senior Leadership team by appointing two new senior commercial specialists. Peter Lawson will join the CSS as Strategic Category Director – People on 12 October, while Samantha Ulyatt will be appointed as Strategic Category Director – Building

The Building Research Establishment (BRE) has teamed up with Digital Construction Week to promote digital technologies in the construction industry. The organisation is a Knowledge Partner of the two-day exhibition and conference, which will showcase the latest technologies, innovations, solutions
Lampost ConstructionFernhill StoneK-RendCastle Scaffolding Northern LtdCNC KwiknailOne Stop Hire LtdU-Roof LtdAmbiRad LtdBeaver 84CK Direct Ltd
Terms and Conditions