Latest Rail News

21.07.15

Steve Allen appointed HS2 chief financial officer

Steve Allen has been appointed as the new chief financial officer at HS2 Ltd.

Allen previously worked at Transport for London as managing director of finance, where he was responsible for business planning and financial control of £11bn of annual transport spending and £21bn of capital investment. He also led a cost-reduction programme, corporate finance activity and TfL’s information management strategy, as well as focuses on maximising revenues from commercial sources like property and advertising.

He had previous roles at the Department for Transport, Citigroup and Abbey National before joining TfL.

Steve Allen HS2

He said: “HS2 is an ambitious, innovative and challenging project that promises to transform the experience of rail travel for huge numbers of people across the UK and provide a major boost to economic growth.

“I am excited to be joining at such a critical time for the project.”

Simon Kirby, chief executive at HS2 Ltd, said he was “delighted to welcome Steve to the team”.

He added: “On a project as large and complex as HS2, rigorous financial control is essential. His experience of delivering multi-billion pound investment programmes will be invaluable as we move towards the start of construction in 2017.”

Comments

There are no comments. Why not be the first?

Add your comment

 

related

Rail industry Focus

View all News

Comment

The challenge of completing Crossrail

05/07/2019The challenge of completing Crossrail

With a new plan now in place to deliver Crossrail, Hedley Ayres, National Audit Office manager, major projects and programmes, takes a look at ho... more >
Preparing the industry to deliver trains for the future

04/07/2019Preparing the industry to deliver trains for the future

The move to decarbonise the rail network involves shifting to cleaner modes of traction by 2050. David Clarke, technical director at the Railway ... more >

'the sleepers' blog

Connecting Network Rail with the supply chain

17/09/2019Connecting Network Rail with the supply chain

Continuing our mission to connect buyers with suppliers, This year TransCityRail North is adding a new element to the event. We are introducing an incomparable opportunity for you to meet with over 11 procurement directors from Network Rail... more >
read more blog posts from 'the sleeper' >

Interviews

Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

24/06/2019Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

Andrew Haines, the Chief Executive of Network Rail, has told the Today programme on Radio 4's BBC’s flagship news programme that he would not rule out his organisation issuing future r... more >
Malcolm Holmes, executive director of West Midlands Rail Executive, announced as TCR Midlands speaker in Birmingham

24/06/2019Malcolm Holmes, executive director of West Midlands Rail Executive, announced as TCR Midlands speaker in Birmingham

Ahead of his appearance, Malcolm Holmes spoke with Rail Technology Magazine about what key leaders in the industry were doing to improve rail in the Midlands. He said: “It’s very... more >