LONDON, June 30, 2020 /PRNewswire/ -- Porterbrook today
confirmed that Sir Adrian Montague
will be joining the rail asset management company as Chairman of
the Board on 1 July, 2020. Sir Adrian
recently retired as Chairman of Aviva PLC and is currently Chairman
of Cadent Gas, Manchester Airports Group, and TheCityUK Leadership
Council.
Sir Adrian brings over four decades of experience across
transport, infrastructure, and financial services, having
previously served as Deputy Chairman of Railtrack and Chairman of
Cross London Rail Links, the precursor to Crossrail. In addition,
he has also served in government roles including Chief Executive of
the Treasury Taskforce, Deputy Chairman of Partnerships UK plc and
Deputy Chairman of the UK Green Investment Bank.
Mary Grant, CEO of Porterbrook
said: "I am delighted that Sir Adrian
Montague is joining Porterbrook. The company and Board will
benefit enormously from his invaluable experience of UK rail and
infrastructure investment. This is an exciting time for our
business, and I look forward to working closely with Adrian."
Sir Adrian added: "Porterbrook has ambitious plans for the
coming years, particularly its vision of adding value across the
whole lifecycle of trains, and the innovative projects underway to
decarbonise the railway. These initiatives are vital at this
critical time, and I am keen to play my part in ensuring
Porterbrook delivers for its customers, stakeholders and the
traveling public."
About Porterbrook
- Porterbrook Leasing Company Limited ("Porterbrook") is a
leading participant in the rail leasing market and has a rolling
stock fleet of almost 4,500 vehicles.
- Since privatisation, Porterbrook has invested over £3bn in the
UK rail market. The company is looking to invest more than £1bn in
Britain's railway over the coming
years.
- We have successfully introduced over 2,500 new vehicles into
passenger service.
- Porterbrook also spends £3m each week on its existing fleets,
supporting almost 7,000 jobs in the UK supply chain.
- In October 2014, the Porterbrook
Group of companies was acquired by a consortium of investors
including Alberta Investment Management Corporation ("AIMCo"),
Allianz Capital Partners ("ACP") on behalf of certain insurance
companies of the Allianz Group, EDF Invest and a consortium of
Utilities Trust of Australia
("UTA"), The Infrastructure Fund ("TIF") and Royal Bank of Scotland
Group Pension Fund ("RBS").