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O'Toole to succeed Lockhead as FirstGroup's top executive

Yesterday, FirstGroup plc announced it appointed Tim O’Toole chief executive officer, effective Nov. 1. He will succeed Sir Moir Lockhead, who plans to retire on March 31, 2011, ending his 21-year reign as CEO. Lockhead will help with the leadership transition, according to a prepared statement.

O’Toole joined FirstGroup’s board in May 2009 as a non-executive director, then was appointed chief operating officer and deputy chief executive in June 2010. He previously was managing director of the London Underground and served a stint as president and CEO of Conrail. O’Toole currently serves on CSX Corp.’s board.

FirstGroup provides freight- and passenger-rail services — including regional, intercity and commuter-rail services — in the United Kingdom via subsidiaries First Great Western, First ScotRail, First Capital Connect, First TransPennine Express and First Hull Trains.

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