Network Rail’s finance director Patrick Butcher has left the organisation after six years.
Mr Butcher will join the Newcastle-based public transport operator Go-Ahead Group as its chief financial officer next May.
During his time at Network Rail, he led capital-raising activities in public markets prior to its reclassification as a public sector company in 2014.
Mr Butcher joins Go-Ahead having held senior finance roles at a number of large transport operators.
Prior to joining Network Rail, he spent four years as finance director at English Welsh & Scottish Railways.
He also spent two years as the finance director at London Underground.
Mr Butcher began his career as a management consultant and auditor at Deloitte & Touche, now Deloitte.
Network Rail chief executive Mark Carne said: “On behalf of Network Rail colleagues, I would like to thank Patrick for his service to our company over seven years.
“I personally want to thank him for his untiring support to me and for helping us to successfully navigate the transition into the public sector last year.”
Go-Ahead Group chief executive David Brown said: “I am delighted that Patrick is joining the group and look forward to working alongside him.
“He will be an excellent addition to the Go-Ahead team, bringing strong financial management capabilities as well as significant transport sector and stakeholder experience.”