The Chairman of KiwiRail, Mr John Spencer, and the Board have announced they will not be renewing KiwiRail Chief Executive (CE), Mr Jim Quinn’s, five year contract when it expires in February 2014.“With the KiwiRail turnaround plan well initiated the KiwiRail Board feel it is time for a new CE to implement the next steps in driving the plan. This includes re-challenging the bottom line financial performance of the business as we continue to deal with a number of difficult economic factors,” said Mr Spencer.
The board and Mr 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,” said Mr Spencer.
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