Network Rail has today announced a significant leadership change, naming Jeremy Westlake, currently the Chief Financial Officer, as its next Chief Executive. Mr. Westlake will formally assume the role in October, following a transition period alongside the retiring Sir Andrew Haines.
In his new capacity, Mr. Westlake will oversee the crucial amalgamation of Network Rail with Great British Railways (GBR), a pivotal reform aimed at uniting track and train to deliver enhanced benefits for passengers and communities across the country.
Secretary of State for Transport, Heidi Alexander, said: “I would like to warmly congratulate Jeremy on his appointment. Having someone with his expertise and experience across the transport sector will be invaluable as this government continues to invest in rail to bring about lasting change and growth. We are incredibly grateful for Andrew’s hard work over the last seven years. His vision and support has been vital as we establish Great British Railways – one of this government’s biggest reforms. His work has been a key part of our efforts to deliver a simpler, more efficient railway, with passengers at its heart.”
Acting Chair of Network Rail, Mike Putnam, said: “On behalf of the Board, I am delighted to announce Jeremy Westlake as our new Chief Executive. He brings extensive leadership experience from across the transport and engineering sectors, both in the UK and internationally. His strong track record in encouraging cross-industry collaboration, working closely with our supply chain, and driving continuous improvement will be crucial as we continue the transition towards Great British Railways. At a time of significant transformation for the rail industry, Jeremy’s experience and strategic insight will be key to ensuring Network Rail continues to deliver a safe and reliable railway for passengers and freight customers. I would also like to extend my heartfelt thanks to Andrew for his outstanding leadership over the past seven years. His vision for a simpler, more integrated railway has been instrumental in shaping the path to Great British Railways and improving the experience for millions of rail users.”
Network Rail also confirmed the appointment of Paul Marshall as the new Chief Financial Officer. Mr. Marshall, currently the Group Finance Director, brings a deep understanding of the organisation’s financial operations and strategic goals.
Jeremy Westlake said: “I’m honoured to be appointed Chief Executive at such a pivotal time for Britain’s railway. I look forward to working with colleagues across the industry to continue building a railway that is safe, efficient, and fit for the future – serving passengers, freight, and communities across the country. I would also like to congratulate Paul Marshall on his appointment as Chief Financial Officer. Paul’s expertise in financial management and commitment to driving efficiency will be invaluable as we move towards GBR.”
The appointment followed a formal process led by the Nomination & Remuneration Committee of the Network Rail Board and was subsequently approved by the Secretary of State for Transport. Jeremy Westlake will assume his new role on 20th October 2025.
Biography – Jeremy Westlake
Jeremy Westlake has served as Chief Financial Officer at Network Rail since 2016. Prior to this, he spent 14 years at Rolls-Royce in senior finance, operational, and supply chain roles, based in both the UK and the United States. In 2013, he joined Alstom Transport as SVP Finance, where he played a key role in driving international growth through acquisitions and operational improvements. Earlier in his career, Mr. Westlake held finance positions in the international manufacturing sector, working in France, Italy, and Turkey. He is a Chartered Accountant, holding a Master’s degree in Manufacturing from the University of Cambridge and a Bachelor’s degree in Accountancy from the University of Exeter.
Biography – Paul Marshall
Paul Marshall is currently the Group Finance Director at Network Rail. He brings over 20 years of experience in finance within the UK rail industry, is a Chartered Management Accountant, and holds an MBA from Oxford University.
