Aurizon has appointed a new Executive Vice President and Chief Financial Officer, as current CFO, Keith Neate, will depart in December 2016.

Pam Bains will be appointed to both positions following Mr Neate’s departure.

Aurizon Managing Director and CEO, Andrew Harding, said Keith Neate would be leaving by mutual agreement.

“Keith has been with Aurizon for the past five years and has done a good job helping with the successful transformation work to date as well as developing the internal capability of the Finance team,” Mr Harding said.

“However, I have a strong view on the work that needs to be done to further reform Aurizon, drive down costs and improve competitiveness and efficiency.

“On behalf of shareholders I want to take Aurizon to the next phase of growth and development and I believe Pam will be an asset to my executive leadership team in helping deliver this goal.”

Ms Bains is currently the Vice President Network Finance and has been with Aurizon for the past six years.

In her various senior management roles at Aurizon, Ms Bains has led or played a key role in a number of major projects including the transition of reporting requirements at IPO to meet external reporting requirements for a listed entity, capital restructuring in the network business, as well as support for various regulatory reforms which have improved the financial performance of the network business.

Prior to joining Aurizon, Ms Bains was the Head of Finance, Customer Service at Telefonica O2 UK, a global integrated telecommunications operator providing mobile/fixed telephony and broadband.

Ms Bains has also held senior management roles at Next PLC, General Electric and Arthur Anderson, and is a graduate of the Australian Institute of Company Directors and a member of the Institute of Chartered Accountants of England and Wales.

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