***BBC 10 'o' Clock News reporting Richard Bowker to stand down as Chief Executive of National Express Group***
UPDATE: This from Dominic O'Connell in the The Times...
National Express, the embattled transport group, has been rocked by the surprise resignation of Richard Bowker.
Jumped or pushed?
UPDATE: This just in from Charles Yerkes...
This is no surprise.
In the private sector you either perform or go.
Others in the 'private sector' may wish to note!
UPDATE: This is the Gruaniad's pessimistic take...
It is likely that the new chief executive will arrive too late to co-ordinate a solution to the east coast contract, which analysts say will have to be renegotiated or handed back to the Department for Transport by the end of the month
And not just the East Coast franchise but potentially NatEx's East Anglia and c2c franchises as well, playing havoc with DafT finances.
But fear not - Lord Adonis assures us that the HLOS remains "very" affordable.
