UK
Railtrack boss - Corbett resigns

Railtrack's

Gerald Corbett resigns as Chief Executive of Railtrack

chief executive Gerald Corbett has resigned, the company said today.
The Railtrack board said it had "with regret" accepted the resignation and that Steven Marshall, currently finance director, had been appointed chief executive with immediate effect.

Mr Corbett felt, and the board agreed, that having put in place a national recovery plan after the Hatfield crash "the time was now right for someone fresh to lead the company forward".

Railtrack chairman Sir Philip Beck said: "The directors would like to thank Gerald for his enormous contribution to the company. Through his leadership, energy and enthusiasm the company has made major steps forward."

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