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2014-12-30 NET-001
Network Rail


Network Rail clarification statement regarding Robin Gisby

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Network Rail

Network Rail clarification statement regarding Robin Gisby

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30 December 2014 21.47
source Network Rail
type Press release

Over the last few days there has been inaccurate reporting concerning the bonus entitlement of Network Rail's managing director, network operations, Robin Gisby. This press notice seeks to clarify the position absolutely:

It was announced in September that Robin would be leaving Network Rail early in the new year and that his successor would be Phil Hufton, who joins Network Rail on the 5th January 2015. It is therefore inaccurate to suggest that Robin's departure is in any way connected with any of the events of the last few days.

The timing of Robin's departure, 28 February 2015, means that he cannot be entitled to any bonus or incentive payment in 2015 either before or after his departure. On his departure he will therefore not be entitled to and will not receive any retention or incentive payment and no 'golden handcuffs'. All this was agreed in November 2014, long before the problems experienced at Christmas. There has been absolutely no change of position since then.

Railhub Archive ::: 2014-12-30 NET-001


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