Network Rail is looking for a new director for commercial property after Mick Martin’s promotion to director for track asset management.
Network Rail’s interim commercial property director, Ron Miller, will continue to lead the department in the meanwhile.
Iain Coucher, Network Rail’s chief executive, said: ‘Mick has achieved a huge amount for the company in the last two years, establishing Network Rail as a leading player in the property sector.
‘His skills will be vital to enable us to meet tough efficiency targets for track asset management as part of our multi-billion pound track renewal programme.
‘We are looking for the right candidate to build on Mick's achievements in commercial property and help the company meet its challenging targets for income generation from the property sector in the coming years.’
From April, Network Rail will embark on a record period of investment, aiming to generate almost £1.2bn of income from its property portfolio in the next five years.