Crossrail Ltd has announced the appointment of Mark Wild as its new Chief Executive.
Set to take up the new position on 19 November, Mark Wild joined his new employers on 5 November in preparation of taking up the reins.
Since June 2016, he has served as Managing Director for London Underground – a position he will return to once the Elizabeth line is open through central London.
Initially, Mark Wild will work with outgoing Chief Executive of Crossrail Ltd, who will depart the role before the end of 2018, as originally planned.
While Mark is working at Crossrail Ltd, Transport for London (TfL) revealed his role will be filled by London Underground’s Director of Network Operations, Nigel Holness, who will move to a new job as Deputy Chief Executive for Metro Trains Sydney at a later date.
This new appointment for Crossrail Ltd – one of Europe’s largest infrastructure projects – comes at a time the development has failed to hit targets.
Its opening has already been delayed by nine months, and in October, it was announced that £350 million short term repayable financing was handed over so that the project can continue with construction and testing so that the Elizabeth line can open as soon as possible and cope with loss of income that would have been budgeted for by a December 2018 opening.
The delivery of Crossrail is something that will benefit from the “extensive knowledge” of its new Chief Executive, according to Mike Brown MVO, London’s Transport Commissioner.
He said: “The Elizabeth line is the single most significant addition to London’s transport infrastructure in a generation.
“It is absolutely vital that Crossrail Ltd completes the job of delivering it safely and reliably for London.
“Mark’s extensive knowledge and experience of delivering major signalling and systems integration projects will be vital for the final stages of the project.”