“Some of you may be aware that I have announced my forthcoming retirement as CEO of Porterbrook Leasing.

“This will not take place immediately and therefore it is my intention, subject to the agreement of the RFEM executive, to continue as Rail Forum Chairman until our 2018 AGM.

“These are exciting times for our industry and especially the rail supply chain in the East Midlands, I want to continue as your Chairman so that we can work with government and regional stakeholders to capitalise on the huge investment that is being poured into both Classic and High Speed Rail, as well as the opportunities created through Brexit.

“We have achieved a great deal for our members and the East Midlands region in the last couple of years and at this important time given the opportunities for the Midlands Engine and with today’s HS2 announcement it is critical that the Rail Forum continues with strong leadership drawn from a major industry player in our region.

“I have no immediate date for leaving Porterbrook as I will be working very closely with Porterbrook’s Chairman and shareholders in the coming months as we appoint a successor as CEO. I will of course provide a further update once the name of my successor at Porterbrook has been announced.”