Go-Ahead appoints Christian Schreyer as CEO

Transport operator Go-Ahead has appointed Christian Schreyer to succeed David Brown as chief executive with effect from November.

Brown, whose departure was announced in May, will step down as CEO at the AGM on 5 November and retire from the company at the end of the year "to support a smooth transition".

Schreyer, a German national, has been working for public transport operator Transdev since 2014, most recently as CEO North and Central Europe. He was a member of the Executive Committee and has led the development and transformation of multi modal operations across seven countries with 26,000 colleagues, Go-Ahead said.

Before that, he worked for Deutsche Bahn for more than 15 years in roles including Head of Corporate Strategy, and he was a member of the company’s mergers and acquisitions committee.

Chair Clare Hollingsworth said: "Christian's record of driving efficiency and better service for passengers and clients, his experience of international markets and innovation in urban mobility, will enable our business to respond well to the challenges and opportunities ahead."

Liberum, which rates the shares at ‘buy’, said Schreyer "appears to bring to the job a combination of strong public transport industry experience and external perspective as an outsider to the group".