Go-Ahead chairman to retire after 10 years

City A.M. Reporter
TRANSPORT group Go-Ahead said yesterday that its chairman Sir Patrick Brown would retire from the company in April next year, after 10 years leading the board.

Andrew Allner, a senior independent director and chairman of the firm’s audit committee, will succeed Sir Patrick from 25 April 2013.

“The group is now in a strong position to move forward and the time is ripe for me to step down,” Sir Patrick said yesterday.

Shares in Go-Ahead closed flat yesterday at 1,348.54p.