The trustee and Railpen boards have named Andy Bord as Railpen’s new chief executive officer (CEO), following the announcement of John Chilman’s intended retirement.

Bord will move into his new role from October 2024 and will be responsible for the teams that invest the assets and provide administration services for the railways pension schemes’ members and pensioners, as well as the administration of several third-party clients.

Railpen described Bold as a “highly experienced CEO”, having held the position at Capita Insurance Services, within the private equity sector and, most recently, at Flood Re.

“He brings a wealth of knowledge, hands-on experience and a passion for great customer service, innovation and value,” Railpen said.

His appointment follows a “full and thorough” search, which was led by RPS Trustee Board chair, Christine Kernoghan, Railpen Board chair, Mike Craston, and Remuneration and Nominations Committee chair, Alison Burns.

Commenting on Bold’s appointment and Chilman’s impending retirement, Kernoghan said: “I would like to thank John [Chilman] for his significant contribution to rail pensions for many years and, more recently, his leadership of Railpen. John’s contribution to the futures of so many members cannot be understated – thank you, John.

“It was clear throughout the search process that Andy not only had the skills and experience needed to pick up the baton from John, but shared the trustee board and Railpen colleague's passion for great member retirement outcomes.”

Craston added: “I would echo Christine’s comments about John and add my own thanks. John has been a great servant to the scheme and leader to our colleagues at Railpen. We wish him every success for the future.

“Andy’s commitment to the customer throughout his career aligns perfectly with Railpen’s ongoing purpose to ‘secure our members’ future’. We are delighted Andy is coming on board to lead Railpen into the future.”

Commenting on his own appointment, Bold stated: “I believe that good quality pensions can make a really positive impact in the lives of individuals and society. Railpen’s purpose naturally aligned with my own sense of the difference an organisation can make in the lives of the members it serves.

“I am proud and excited to not only lead an organisation full of talented people dedicated to its members and pensioners, but to also champion good pension provision on their behalf.”

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