Tuesday, 16 July 2013

No Pitt stop, as Andy chairs fleet money men

This from Cross London Trains...

Cross London Trains (“XLT”) the company established to finance and purchase Desiro City  trains from Siemens plc and to lease them to the Operator of the Thameslink rail franchise has made two senior appointments following the recent contract award for 1,140 new rail carriages.

Andy Pitt has joined XLT as Executive Chairman. Andy previously held a number of senior roles within the rail industry including Managing Director Stagecoach South Western Trains Limited and Rail Business Development Director for Stagecoach Group plc. He is a former member of the Association of Train Operating Companies Board and former Chairman of the Operations Council. Andy led a £1 billion private sector procurement for train supply and maintenance that delivered Siemens Desiro rolling stock for South West Trains.

Charles Doyle will join Cross London Trains as Managing Director from Transport for London where he has spent the last seven years in various financial positions, most recently as a Principal of Commercial Finance.  In his time at TfL Charles was involved in a number of rolling stock and infrastructure PFIs and procurement programmes. 


XLT’s shareholders are 3i Infrastructure plc, Innisfree PFI Secondary Fund 2 LP and Project Ventures Rail Investments I Limited, a Siemens Project Ventures group company.