LOROL

Steve Best joins LOROL as Finance Director
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date 2 December 2013
source LOROL
type Press release

London Overground Rail Operations Limited (LOROL), train operating company for the
London Overground, is pleased to announce the appointment of Steve Best as Finance
Director with immediate effect. Steve takes over the role from Peter Austin who was
appointed Managing Director in January 2013.

Steve joins LOROL from the City Link division of Rentokil Initial plc group of companies
where he was Divisional Finance Director and played an instrumental part in establishing the
strategic priorities and driving improvements to financial results. Steve brings with him more
than 16 years of finance experience in a range of industries such as rail, business services,
parcel delivery and technology, including Invensys plc where he worked for six years.

Commenting on the appointment, Managing Director Peter Austin, said: “Steve brings with
him senior level expertise from a range of highly professional organisations where he has
demonstrated commercial and strategic financial acumen in the delivery of strong results. I
am confident Steve will play a key role in helping us to continue to deliver our ambitious high
levels of service and performance in what is a challenging and competitive marketplace.”
Steve Best, Finance Director, said: “I am looking forward to supporting LOROL in delivering
its plans. I believe that my experience in delivering effective finance business partnering
within a strong control environment will enable all areas of the business and functions at
LOROL to successfully grow and exceed targets.”

ENDS

For further information, an image or an interview, please contact Sara Barrow,
Communications Manager, on 0203 031 9254 or communications@lorol.co.uk
Notes to editor:
• LOROL operates London Overground rail services on behalf of TfL. Linking 21 of
London’s 33 boroughs, it operates 1,088 trains a day, employs 1,200 people and
carries more than 450,000 passengers every day.
• LOROL is a joint venture between Deutsche Bahn (DB) and MTR Corporation. DB’s
interest is managed by Arriva, DB’s division responsible for regional passenger
transport outside of Germany
• As part of the concession agreement, LOROL and TfL work closely to deliver high
quality rail services. TfL has a dedicated team working at LOROL’s Swiss Cottage
headquarters to monitor and support LOROL in delivering its concession agreement
with a strong focus on train punctuality and customer service.

Railhub Archive ::: 2013-12-02 LOR-001