Crossrail Limited, the organisation charged with delivering a new east-west Railway Project for London and the south-east, today announced that Chief Executive Rob Holden has decided to step down from his current role and will leave later this year.
Mr Holden joined Crossrail from London & Continental Railways in April 2009, having overseen the successful delivery of the new High Speed 1 railway between St Pancras International and the Channel Tunnel. After almost two years at Crossrail, he will be leaving in the course of 2011 to explore new opportunities.
Terry Morgan, Crossrail Chairman, said:
“Rob came on board soon after we secured Royal Assent to the Crossrail Act. He has successfully taken Crossrail from the drawing board, through the detailed design process, above all through very effective and successful negotiation with Government to secure a green light for Crossrail under the Comprehensive Spending Review, to the award of the main tunnel contracts late last year and the start of full construction. In the process he has achieved savings of over £1 billion in the programme, whilst preserving the project’s original scope.
“We regret his decision to step down but respect it. He leaves the project in great shape and we are on firm foundations to maintain our momentum to deliver this critically important project for the UK, on time and within budget.”
Rob Holden said:
“I am proud to have led the Crossrail team over the past two years, and to have seen the project receive an unequivocal green light from Government in the recent Comprehensive Spending Review. With the project moving into its construction phase, Crossrail needs a Chief Executive who can commit to lead right through to opening in 2018.
“I leave Crossrail confident that, with its funding firmly in place, a robust delivery plan, clear governance and a strong delivery team, Crossrail is now well set to move forward to a successful launch.”
The exact date of Mr Holden’s departure has yet to be finalised. Meanwhile Crossrail will now begin the process of identifying a suitable successor.
For further information contact the Crossrail Press Office on 020 3229 9552
Notes to editors:
Rob Holden joined Crossrail Ltd as Chief Executive on 1 April 2009. Prior to this he held the positions of Finance Director and then Chief Operating Officer and Chief Executive for London & Continental Railways (LCR). He was also Chairman of Eurostar (UK) Limited.
Crossrail will run 118 km from Maidenhead and Heathrow in the west, through new twin-bore 21 km tunnels under central London to Shenfield and Abbey Wood in the east. It will bring an additional 1.5 million people within 45 minutes commuting distance of London's key business districts.
When Crossrail opens it will increase London's rail-based transport network capacity by 10 per cent, supporting regeneration across the capital, helping to secure London's position as a world leading financial centre, and cutting journey times across the city.
Crossrail will deliver substantial economic benefits for all of London and the South East. Latest economic forecasts suggest that Crossrail will add £42bn to the economy, resulting in a £17bn tax boost for the Treasury. Previous estimates were that Crossrail would deliver up to a £36bn boost to the UK economy.
Up to 14,000 people will be employed at the peak of construction in 2013/2015, with an estimated further 7,000 jobs created indirectly.
Crossrail is delivered by Crossrail Limited (CRL). CRL is a wholly owned subsidiary of Transport for London. Crossrail is jointly sponsored by the Department for Transport and Transport for London.