Porterbrook Appoints New Chief Financial Officer
Porterbrook Leasing has confirmed the appointment of Peter Coates as its new Chief Financial Officer. Peter will be joining the company and its board on 6th November 2017. He takes over from Will Day who has been with Porterbrook for over 10 years.
Peter has over 20 years’ experience working in the UK transport sector at board level including a number of senior roles at National Express. Before joining National Express he worked at Ernst & Young for 13 years where he qualified as a Chartered Accountant.
Mary Grant, Chief Executive Officer of Porterbrook said, "Peter has a wealth of relevant experience and an excellent reputation with the transport sector and I am looking forward to working with him and welcoming him to the board. Peter’s experience and knowledge of the industry will be a great asset to the company".
Peter Coates said, "Porterbrook is an innovative and well regarded company operating in the rail sector and I am looking forward to working with the management team and shareholders to continue to grow the company for the future".
Notes to Editors Porterbrook Leasing Company Limited ("Porterbrook") is a leading participant in the rail leasing market and has a rolling stock fleet of around 6,000 vehicles on lease or on order, which includes over 4,000 passenger vehicles. Since privatisation, Porterbrook has invested in over 2,300 new passenger vehicles and more than 2,000 freight locomotives and wagons, and in the refurbishment of much of its in-fleet equipment. The company also provides ongoing train maintenance services. In October 2014 the Porterbrook Group of companies was acquired by a consortium of investors including Alberta Investment Management Corporation (“AIMCo”), Allianz Capital Partners (“ACP”) on behalf of certain insurance companies of the Allianz Group, EDF Invest and Hastings Funds Management.