June 10, 2013

Quinn to step down as KiwiRail CEO

Written by  Richard Worrall
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THE BOARD of New Zealand's national railway KiwiRail announced on June 7 that CEO Mr Jim Quinn is to stand down when his current five-year contract expires next February.

Quinn was the first CEO of KiwiRail after the country's railway infrastructure and rolling stock was bought back from Toll Holdings in 2008.During his time as CEO Quinn has overseen a $NZ 100m ($US 79m) growth in annual freight revenue together with around $NZ 1.4bn of capital investment in network improvements, new locomotives, freight wagons and passenger rolling stock, as well as Cook Strait ferries.

In a statement, KiwiRail chairman Mr John Spencer said: "With the KiwiRail turnaround plan well initiated the KiwiRail Board feel it is time for a new chief executive to implement the next steps in driving the plan. The board and Quinn want to ensure a smooth transition so that we don't lose our momentum. We will conduct a thorough search for a suitably qualified replacement."

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