Angela Jameson
Attend a special evening hosted by Mike Atherton
Six years on from the nationalisation of railway infrastructure, the people who played a large part in creating what we now know as Network Rail are to move on - and not before time.
Sir Ian McAllister, the former chairman of Ford Britain, was brought in as chair of Network Rail to be a steady guiding hand through the negotiations to take the rail group back into public ownership. His operational nous was also needed in the early rocky days when Network Rail had a mountain to climb to remove speed restrictions that were paralysing Britain's railways.
He was also there to steer the company through tricky negotiations to bring rail maintenance back in house, which cut off a lifeline of work to several private companies and to make sure that the hybrid organisation - certainly a state-backed company, but accountable to over 100 so-called members, plucked from the industry - had a workable system of corporate governance.
He performed well in these tasks for the first few years but latterly his grip has slipped. In January when delays to Network Rail engineering works meant that hundreds of thousands of travellers suffered disruption, Sir Ian stayed away from the office, saying he did not want to get in the way. His attitude attracted scorn from the Transport Select Committee and only served to underline that Network Rail's ability to complete big engineering projects was patchy, at best.
Network Rail was fined a record £14 million for that fiasco but this summer only added insult to passenger's injury when it became clear that executives would still receive large bonuses.
There have been question marks over the governance of Network Rail for some time and the company is now beginning to tackle those problems, appointing three new executive directors last month. A new chairman will give whatever new structure that is devised an untainted start.
But more important than corporate governance is that Network Rail has to get a firm grip on its major projects. Hundreds of millions of pounds of public money will be pumped into the rail infrastructure in the next few years, as stations are refurbished and notorious track bottleknecks improved. Whoever succeeds Sir Ian must be capable of managing a Network Rail team that has the skills but has been prone to losing direction at critical times.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
£353 per day
Phonepay Plus
London
PwC’s Consulting practice helps businesses of all shapes and sizes work smarter and grow faster
PwC
£37,000
Department for Culture, Media and Sport
London
Currently £36,285
Department for Culture, Media and Sport
London
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Accommodation, flights, tickets to the race and a KL city tour for only £999pp
PremierHolidays.co.uk
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.