Chairman to leave National Express in 2013

Marion Dakers
NATIONAL Express is on the hunt for a new chairman, after John Daveney announced his retirement yesterday.

The firm, which reported a 14 per cent slump in half-year profits after ditching the East Anglia rail franchise, said Devaney will retire in early 2013 to focus on his other roles at Cobham, NATS and in private equity.

Stripping out the loss of income from East Anglia, National Express said non-rail operating profits fell one per cent to £90m.