Ex-Network Rail chief in new role

Turnaround specialists Alvarez & Marsal has hired Iain Coucher, the former chief executive of Network Rail, as managing director to help drive its growth in transport and infrastructure sectors overseas. Coucher, who stepped down from Network Rail in 2010, was dogged by allegations of excessive pay and sparked a public backlash over his £1m payoff. “Iain’s deep transport and infrastructure industry experience, a market segment showing increasing demand for A&M services across Europe over the past few years, combined with our hands-on approach, means we are well placed to help businesses take the much needed next steps fast,” Antonio Alvarez III, Managing Director, said.