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Sir David Higgins to stand down as Network Rail chief in 2014

Ex-Olympics chief to make way for new rail boss to see through five-year funding period from next year.

Sir David Higgins is to step down as chief executive of Network Rail within the next year, Sky News is reporting.

His departure will create a vacancy for a new leader to oversee the next five-year funding period, known as Control Period 5, which runs from 2014 to 2019.

The exact date he will leave has not been finalised, according to Sky News.

Sir David joined the board of Network Rail as a non-executive director in April 2010.

He became chief executive in February 2011, after he left his position as chief executive of the Olympic Delivery Authority, which he had led since its creation.

A Network Rail source told Construction News Sir David had always made it clear he would not remain as chief executive throughout the duration of CP5.

Sky News is listing Simon Kirby, managing director of infrastructure projects and a judge at the 2013 Construction News Awards, as a possible successor.

Robin Gisby, managing director of network operations, is also named.

A Network Rail spokesman declined to comment.

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