Porterbrook, the rolling stock owner and asset manager, today announced the appointment of Mark Wyborn as its new Head of Freight Commercial.
Mark will be responsible for developing Porterbrook’s first dedicated freight strategy, as well as building strong commercial partnerships with existing Freight Operating Companies, new market entrants and Network Rail.
Mark joins Porterbrook from GB Railfreight where he held a number of senior customer-facing and commercial positions. Prior to this he worked in operational roles at both Network Rail and Southern Railway.
Stefan Rose, Porterbrook’s designate Chief Investment Officer, said: “I welcome Mark to my new team. His appointment confirms Porterbrook’s renewed and long-term commitment to railfreight, one of the great success stories of privatisation.
“We are looking to invest £1bn in Britain’s railway over the coming years. Mark will be looking to partner with freight operators so that they can share in Porterbrook’s ambitious growth plans.”
Mark Wyborn, Porterbrook’s designate Head of Freight Commercial, said: “I am very pleased to be joining market leader Porterbrook at this very exciting time for both railfreight and our industry.
“Porterbrook will support the ambitious growth plans of Freight Operating Companies by financing new and improved assets, tailored to market needs. These will allow our railfreight customers to play a greater part in the Green Recovery.”
Mark joined Porterbrook on Tuesday 4th May.
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NOTES TO EDITORS
Rupert Brennan Brown, Director of Stakeholder Engagement
Rupert@porterbrook.co.uk or +44 (0)7973 950 923
PR enquiries can also be directed to:
Simon Evans, Partner
Richard Brooks, Consultant
Richard.Brooks@Portland-Communications.com or +44 (0)7740 858477
- Porterbrook has been at the heart of the UK rail network for over 25 years and owns over a quarter of the national passenger rail fleet. We provide high-quality, digitally enabled rolling stock which helps deliver a safe, reliable and sustainable railway
- We currently have around 4,000 vehicles on lease or on order. Since privatisation, we have invested £3bn in new passenger and freight vehicles, and we are looking to invest a further £1bn in Britain’s railway over the coming years
- Our role as a leading asset owner and manager goes well beyond financing. Our rolling stock is designed to serve 30-35 years in front-line service. By ensuring that these vehicles live out their full asset life, with periodic upgrades and enhancements, we maximise value to passengers and taxpayers, whilst minimising carbon emissions and environmental impact
- Innovation is at the heart of Porterbrook’s approach to whole life asset management. In collaboration with industry and academic partners, we are developing a portfolio of digitally enabled and re-tractioned rolling stock. Our business is at the forefront of developing of hydrogen, hybrid and battery powered trains. We are also working with SMEs and Innovate UK to significantly reduce emissions from our existing diesel fleets
- We are committed to supporting and developing the UK rail supply chain. We trust 100+ UK-based companies to maintain and upgrade our assets, investing over £3m a week and supporting c.7,000 jobs
- Porterbrook employs 160 people of which three quarters are engineers and project managers. In addition, over a third of Porterbrook’s workforce is female including a number of our executive team
- In October 2014, the Porterbrook Group of companies was acquired by a consortium of investors including Alberta Investment Management Corporation (“AIMCo”), Allianz Capital Partners (“ACP”) on behalf of certain insurance companies of the Allianz Group, EDF Invest and a consortium of Utilities Trust of Australia (“UTA”), The Infrastructure Fund (“TIF”) and Royal Bank of Scotland Group Pension Fund (“RBS”)