Three new directors have joined the Network Rail board. Mark Bayley and Fiona Ross have been appointed as non-executive directors by Network Rail, replacing board members who have retired. Both have extensive and relevant experience in the public and private sectors to help Network Rail in the months and years ahead.
In addition, the Secretary of State for Transport has appointed Michael Harrison as special director.
Mark Bayley has spent much of his career in the rail sector. He has particular experience in major projects, restructurings and corporate finance, being finance director and later chief executive of London & Continental Railways Limited, developer of the High Speed 1 railway and owner of the UK arm of Eurostar. He led the sale of HS1 and was a board member of Eurostar.
Appointed CBE in 2012 for services to the rail industry, Mark is currently advising EDF on its Sizewell C new nuclear build programme. He is a non-executive director of Ofwat – the water industry regulator – and an executive director of the Ministry of Defence’s new procurement arm.
Fiona Ross is an experienced public and private sector chairman and non-executive director., currently serving on a range of UK and Irish boards. In 2018, she was appointed by the Irish Government to chair Córas Iompair Éireann (CIÉ), Ireland’s pubic transport provider, and to the board of HSE Ireland’s public health service.
Beginning her career as a stockbroker in the City of London, Fiona spent 25 years working in all areas within capital markets in Dublin, London, Eastern Europe and the United States. She is a graduate of Trinity College Dublin, University College Dublin, Queen’s University Belfast and the Institute of Art and Design (IADT) where, in 2017, she completed a MSc in Cyber Psychology.
In 2012 Fiona was awarded a fellowship in governance at George Washington University in the United States.
Michael Harrison is a director in UK Government Investments (UKGI), which he joined in March 2009 when it was known as the Shareholder Executive, and where he has worked on a range of governance roles and commercial projects across government.
He has a broad international corporate advisory background, having spent eight years as an executive director in Australia working for independent corporate finance advisor Greenhill Caliburn. Prior to that, Michael spent 12 years in investment banking with CSFB and BZW in both London and Europe. He started his career as an accountant at PWC after studying natural sciences (specialising in chemistry) at Cambridge University.
Michael has been a non-executive director on the boards of the company that is selling the Royal Mail pension fund assets (originally £29 billion), Porton Biopharma (a Department of Health-owned company), Ordnance Survey and the Met Office (BEIS-owned companies).