George Lynn has announced his retirement as
chief financial officer of UK rolling stock lessor Angel Trains at
the end of May.
In 18 years at Angel Trains, Lynn oversaw huge
developments within the company including its inception at the time
of British Rail privatisation, three changes of ownership, and
raised over £6.5bn in finance for the business.
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He played a central role in the successful
refinancing of the company’s long-term debt, diversifying its
sources of finance and its debt maturity profile.
Malcolm Brown, chief executive of Angel
Trains, said: “George has made an enormous contribution to the
company over the years and played a vital role in shaping Angel
Trains as the strong business it is today.
“He was instrumental in the development of
Angel Trains in the early years of privatisation and in its growth
to become a major rolling stock asset manager in the UK.
“I would like to take the opportunity to thank
him for his hard work and commitment and wish him well in the
future.”
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By GlobalDataLynn said: “I have enjoyed all the challenges
that have faced me at Angel Trains, from the initial preparations
for privatisation through to concluding the recent refinancing, and
I have had a wonderful privilege to work with such an array of
talented colleagues in this time.”
Alan Lowe, the current group financial
controller will take over as CFO.
Lowe said he was excited about taking on the
challenges ahead in a busy time for the company.
grant.collinson@vrlfinancialnews.com
