Malcolm Brown, CEO of Angel Trains, is to leave the train leasing company after 10 years to join investment management firm AMP Capital as senior principal.
His successor will be Kevin Tribley, the current chief operating officer, who has been at the company for almost 20 years. Kevin will assume the new position from July 30.
Angel Trains said Malcolm has led the company through its “most successful period since privatisation”, which includes securing the £900 million procurement of 665 new Bombardier Aventra vehicles for the East Anglia franchise.
Malcolm Brown said: “It is both with tremendous sadness and great excitement that I leave this post that have I held for the last decade for a new challenge at AMP Capital.
“Looking back from 2008 to the present, we have greatly enhanced passenger experience through improvements to our fleets. Angel Trains has been central to the modernisation, innovation and management of the UK’s rolling stock.
“I am delighted that I will also join the Angel Trains group board as a non-executive, this is part of our succession plan and will allow me to continue to support the organisation which I know will go from strength to strength under Kevin’s leadership.”
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