BusinessCompany NewsDome man in bid for Railtrack

Dome man in bid for Railtrack

David James, the company doctor brought in to sort out the Millenium Dome fiasco, has been drafted in to head up a 'dream team' to take over Railtrack.

The accountant, who is now working as an unpaid adviser for Swiftrail UK, has been put in charge of building a team, backed by German bankers WestLB, that could take on the ailing infrastructure company, possibly while it is still in administration.

The move came as it became increasingly likely that Railtrack’s chief executive Steve Marshall, as well as chairman John Robinson and finance director David Harding, will stand down from the board of Railtrack plc.

Railtrack’s engineering director Richard Middleton looks set to take over from Marshall, and John Prideaux, the former boss of InterCity, is tipped to become chairman. Sebastian Bull, Railtrack’s project finance director is being lined up to replace Harding.

Links

Big Five jockey for Railtrack position

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