ORR - THE OFFICE OF RAIL REGULATION - WWW.RAIL-REG.GOV.UK

Rail Regulator completes restructuring of ORR Board


18 January 2000
ORR/00/02

The Rail Regulator, Tom Winsor, has completed the restructuring of the Board of the Office of the Rail Regulator (ORR) with the appointment of Richard Gillingwater to the ORR Board as a non-executive director.

This follows the recent appointment of  Peter Warry and the re-appointment ofProfessor Stephen Glaister, both as non-executive directors of the ORR Board. MrGillingwater is managing director of Credit Suisse First Boston (CSFB), where heis head of UK investment banking and also responsible for European countrycoverage and jointly responsible for European industry groups.

Welcoming the new appointment, Tom Winsor said: "Richard Gillingwaterwill bring particular strengths to the ORR Board at a crucial stage in thedevelopment of the railway industry, and I will particularly value the corporatefinance perspective which Richards appointment will give us."

Mr Gillingwater joined CSFB in 1998 from Barclays de Zoete Wedd (BZW) wherehe was managing director and head of European investment banking. He has led anumber of Government privatisations including Gencos II and British Energy. Heis currently leading the CSFB team advising the Government on the possiblepublic-private partnership of British Nuclear Fuels (BNFL). His appointment tothe ORR Board is effective from 1 January 2000 and is for one year with apossible extension by mutual agreement.

In October 1999, Melanie Leech joined the ORR Board from the Department forCulture, Media and Sport (DCMS), where she was head of broadcasting policy,after moving to the DCMS from the Cabinet Office.

Notes for editors:

The membership of the ORR Board is as follows:

Tom Winsor the Rail Regulator.
Michael Beswick Director of network regulation - former senior railwaymanager.
Melanie Leech Director of operator regulation - career civil servant.
Paul Plummer Chief economist - formerly assistant director at N MRothschild & Sons.
Keith Webb Director of strategy, planning and communications - careercivil servant.
Professor Stephen Glaister non-executive director - professor oftransport and infrastructure at Imperial College, London.
Peter Warry non-executive director - currently chairman of Victrex Plc.
Richard Gillingwater non-executive director - currently managing directorof CSFB.