Railtrack Group plc

Railtrack announcement on new Chairman
_______________________________________________________________

date 26 March 2001
source Railtrack Group plc
type Press release

Railtrack today announced that due to personal circumstances Sir John Parker
had withdrawn from his proposed role as the new Railtrack Chairman.

Sir John had been in advanced discussions about the post but for personal
reasons had unfortunately had to withdraw his candidacy over the weekend and
notified the Railtrack Board on Monday 26 March.

Railtrack has immediately re-started its search for a new Chairman to replace
Sir Philip Beck who has stated his intention to step down before the Annual
General Meeting in July. It expects to make an announcement about the
appointment in the near future, reflecting the high calibre of candidates it
had on its short list.

Commenting on the announcement, Railtrack Chairman Sir Philip Beck said:

'We had all looked forward to Sir John joining the team and his proposed
appointment had been met with approval from all relevant parties. His late
withdrawal from the post due to understandable personal circumstances is
obviously disappointing. However, we had drawn up a high quality short list
and we are continuing discussions with candidates on that list. We expect an
announcement shortly.'

Railhub Archive ::: 2001-03-26 RTK-001