Danny Broad will finish up as CEO of the Australasian Railway Association, and has been endorsed to succeed Bob Herbert as Chairman at the end of 2019.
The ARA announced on Thursday evening both Broad and Herbert would conclude their terms as CEO and Chairman, respectively, at the end of the calendar year.
Herbert, appointed as Independent Chairman in 2015, said he was happy to leave the ARA in a strong position.
“The new constitution that was ratified by members in July 2016 has strengthened the governance arrangements of the organisation whilst providing an agreed structure that allows members to better direct the affairs of the ARA,” he said.
“Recognising the substantial contribution Danny Broad has made as CEO of the ARA and the importance of maintaining leadership continuity, the Board has unanimously endorsed Danny assuming the Chairman’s role at the end of 2019.”
Broad paid tribute to Herbert’s work helping transform the ARA.
“Bob is a hands-on Chairman, who played a leading role in setting up the new structure, and positioned the ARA to be advocating not just for increasing rail investment, but as a strong voice on key strategic issues, such as the need for a National Rail Plan and action on skills shortages.”
As for his news, Broad said after more than four years as ARA CEO, he feels the time is right to pass the reigns on to a new leader.
“Since taking on the role in October 2015, ARA membership has grown significantly, our engagement with member companies has strengthened, and the ARA has maintained its position as a respected industry body,” Broad said.
“The ARA is now well placed to work with the Australian and State and Territory governments as they implement substantial passenger and freight rail projects, and deal with significant infrastructure policy issues.”
The ARA Board has established an Appointments Committee, convened by Sydney Trains boss Howard Collins, to oversee the recruitment of a new ARA CEO over the next few months.
Herbert will maintain his role as Chairman of the TrackSAFE Foundation, the ARA-endorsed harm prevention charity for the rail sector.