Who Is Network Rail CEO Andrew Haines? Network Rail owns and manages the majority of British railway networks. The company employs over 42 thousand people.
Thousands of Network Rail employees, including 14 train operators, have gone on strike across the UK in recent days.
Protesters are revolting against proposals such as a 50% reduction in safety checks and 2000-3000 fewer employees. They are also dissatisfied with the company’s CEO, Andrew Haines’, significant pay increase.
According to the company’s annual report, the combined annual income of Network Rail’s top 73 earners is £15 million.
Who Is Network Rail CEO Andrew Haines?
Andrew Haines is a business executive. He has been serving as a Chief Executive Officer of Network Rail for the last four years.
Haines rejoined the railway industry in 2018. He had begun his career as a left luggage clerk in London and eventually as the Managing Director of South West Trains, later as the MD of Rail Division for First Group plc.
According to his LinkedIn profile, he formerly worked for the Civil Aviation Authority for almost nine years and was Chair of Trustees in the Balsam Family Project. He is an MBA graduate of the year 1995.
Chief Executive of Network Rail Andrew Haines believes the offer that has been put forward is a good one.
When challenged about the 8% pay deal offer, he explains that Network Rail is trying to come up with a ‘good deal but also a fair deal for passengers.’ pic.twitter.com/7LmFdtCsn2
— Good Morning Britain (@GMB) July 27, 2022
Since joining Network Rail, Haines refocused to be on the side of passengers and freight users.
In the very recent BBC Breakfast interview, Haines said that the offer to the RMT is a ‘good deal,’ but he doesn’t know about ticket office closures as it’s ‘not his area.’
Andrew Haines’ Salary As The Network Rail CEO
The Network Rail CEO Andrew Haines earns an annual salary worth up to £590,000, as mentioned on The National.
The recent report and accounts of The Network Rail show that Haines’ salary rose from £554k to £590k in April 2022. He was given a £36,000 pay rise.
The era of robber barons.
Network Rail Report and Accounts 2022, p145: summaries of remuneration for executive directors 2021/22. CEO Andrew Haines’ personal salary rose from £554k to £590k in April 2022 (6.5%) a mere £36,000 pay rise. No strings attachedhttps://t.co/ev4YLxel9Y pic.twitter.com/6Fu8SviSHX
— Alex Gordon #JoinAUnion (@alexgordon4me) July 25, 2022
Meanwhile, Haines wrote to his team clarifying that his salary is “considerably less” than his predecessor, Mark Carne. He thinks that the number of high earners in The Network Rail is reducing yearly.
Previously, Mark Carnes’ salary on appointment was £675,000, which is nearly £100,000 less than that of Haines.
Upon rough estimation, the net worth of Andrew Haines is at least USD 7 million as of July 2022.
Accoridng to Wallmine, Haines sold GCAP shares worth more than $0 over the previous 12 years while owning over 2,826 units of GAIN Capital stock valued at over $435,012.
Andrew Haines’ Wife & Family Life
Andrew Haines is married to his wife, Caroline Haines.
In 2019, Haines’s wife showed concern about Andrew serving the significant role as Network Rail’s CEO.
Caroline was worried because Andrew had considered leaving his low-profile job in aviation to take over the monopoly that owns Britain’s 20,000 miles of railway. She said, “She was appalled and was absolutely horrified,” as per the Times.
Haines and his family reportedly live in London. The CEO has not shared much about his children.
Last Updated on July 27, 2022 by shalw
