TfL’s CFO steps down

TfL’s Chief Finance Officer Simon Kilonback has made what’s being called “the difficult decision” to leave the organisation.

Mr Kilonback’s been at TfL for 12 years where he started as Group Treasurer, later becoming Director of Corporate Finance and then CFO in 2017. TfL says he played a central role in bringing TfL to the cusp of financial sustainability before the pandemic and has worked to make TfL ever more efficient, and that he has been key to stabilising TfL finances during the pandemic, securing support from Government and setting TfL on a path to future financial sustainability.

Andy Byford, London’s Transport Commissioner, said, “The contribution of the CFO to organisations like TfL often goes without fanfare. But the challenges we have faced as an organisation and the absolute centrality of efficiency within our business have meant that Simon’s phenomenal contribution has been plain for all to see. He leaves TfL a more efficient and effective organisation than ever before and has put in the most remarkable of shifts to stabilise TfL through the ravages of the pandemic and to set us on a path to future financial sustainability. His work will leave a lasting important legacy from which we will continue to build and we thank him for everything he has done.”

Mr Kilonback will take over as CFO of G.Network –  a full fibre broadband provider with a focus on London.  His departure follows Sadiq Khan’s deputy mayor for transport Heidi Alexander announcign last month that she was resigning from her post.

A successor as TfL CFO will be confirmed in due course.

(Picture – TfL)

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