That stock News

Keith Ludeman decided to retire after securing an extension of South rail franchise to go ahead, overseeing the launch of the service high-speed St Pancras and leading to the company by the economic slowdown. Photo: JUSTIN SUTCLIFFE

Go-Ahead, which operates rail South, South East and London Midland franchise will replace Mr. Ludeman by David Brown, Managing Director of transport for London surface operations and former head of go-Ahead bus company London.

Retirement of Mr. Ludeman, who became Chief Executive in 2006 announcement comes just a month after Sir Moir Lockhead said he stood until FirstGroup pattern.

Mr. Ludeman decided to retire after securing rail South Go Ahead, franchise extension overseeing the launch of the high speed of St Pancras service and leading to the company by the economic slowdown.
"Which, combined with my 60th birthday in January, has led decide me now is the time to go," he said. "" ""It is good to be able to choose when you resign and be comfortable with your successor.?

He joined approved in 1996 when the company bought buses General Group in London, where Mr. Ludeman led a redemption management 1994.Il retires 4 July 2011 and said it was "clearly interested" in a non-executive roles.

Shares rose approved by almost 7pc at ￡ 13.58 Tuesday because alongside of announcing his retirement, Mr. Ludeman unveiled a "robust" trading update and reductions in spending public said had "no direct impact" on business this year.

For the period from 4 to 25 October, approved July said bus revenues increased 4pc outside of London and down 7pc in London, which was better than expected after the introduction of new contracts in January. Meanwhile, revenues gained 6pc, Southeast 10pc rail South and London Midland 7pc.

View the original article here