The current chief executive and chair of transport giant Go-Ahead Group are to both step down, it has been announced.
Christian Schreyer, who joined the Newcastle-based group in 2021, will stand down as chief executive at the end of this month to be replaced by Miguel Ángel Parras. Mr Schreyer’s time in charge of the company saw it move from public to private ownership, and he will be replaced by the chief investment officer at Globalvia, part of the consortium that acquired the business last year.
Clare Hollingsworth, who has been non-executive chair of Go-Ahead since October 2019, will also stand down from the board at the end of the year. A successor is yet to be announced.
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Mr Schreyer said: “Having created The Next Billion Journeys strategy, built a new executive leadership team, led the business through the board recommended offer to take the business into private ownership and delivered priority projects, I have agreed with the board that this is the right time to step down.
"I am very proud of the resilience shown by the business in adapting to change over the last two years. Successful service businesses are all about people, and Go-Ahead has some of the best in the industry. I wish Miguel and all my colleagues in Go-Ahead all the best for the future.”
Mr Ángel Parras said: “The Go-Ahead Group is an exceptional company renowned for its excellence in bus and rail operations. I am thrilled to be entrusted with the role of CEO in such a dynamic business, taking the torch from Christian, a truly impressive professional.
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“Public transport presents exciting prospects for growth, especially as the global landscape shifts towards a more sustainable, low-carbon future. I am delighted to become part of this organisation and eagerly anticipate the opportunity to connect with colleagues across the seven countries in which Go-Ahead operates.”
Go-Ahead was last year acquired by a joint venture of Kinetic, Australia and New Zealand’s largest bus network, and Spanish transport firm Globalvia Inversiones in a deal that valued the business at £669m.