Former KiwiRail CEO Peter Reidy returns to his role

Business

The government is investing $8 billion in KiwiRail. Picture/File

Former KiwiRail chief executive Peter Reidy returns to his role after nearly four years at the helm of Fletcher Construction.

Reidy served as the public company’s chief executive from 2014 to 2018.

KiwiRail Chairman David McLean said Reidy stands out as a candidate for his “strong and demonstrated leadership ability” and that his mana, experience and business acumen would be invaluable in leading KiwiRail’s transition to viability. financial.

“KiwiRail is busy implementing a vital $8 billion program of government investment, repairing years of decline. Along with the government’s commitment to invest in the national rail network on an ongoing basis, the company continues a strategy that will allow it to run its ‘over the rail’ cargo and passenger operations and inter-island ferries with commercial success.”

KiwiRail needed a leader who could get off to a quick start, McLean said.

The Rail and Maritime Transport Union, which had a contentious relationship with former chief executive Greg Miller, welcomed Reidy’s appointment. Miller suddenly resigned in November last year.

Union General Secretary Wayne Butson said Reidy would provide a firm hand on the tiller and stability at a difficult time for KiwiRail.

He said Reidy had a good understanding of rail.

“We have worked positively with Mr. Reidy in the past and intend to do so in the future.”

Butson said the “high performance, high engagement” model was introduced in KiwiRail during Reidy’s previous career and was part of improving worker-management relations.

Reidy said a lot has changed since his last visit to KiwiRail “particularly with the level of government investment which is enabling the purchase of two new state-of-the-art Interislander ferries, new locomotives for the island of South and infrastructure projects that improve the network across the country and in particular in Auckland”.

Reidy’s debut date has yet to be announced. David Gordon would stay on as interim group chief executive and Helen Rogers as interim deputy chief executive in the interim.

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