AusRAIL, Market Sectors

Coom leaves Tranz Rail but retains shareholding

<p>Tranz Rail has parted company with its group general manager of rail services, Noel Coom.</p> <p>Tranz Rail CEO David Jackson said the company has exercised its option to "release" Mr Coom as part of its change of ownership agreement.</p> <p>"The TrackCo arrangement with the Crown will change the structure of our company substantially, hence the decision has been taken," Mr Jackson said.</p> <p>"I would like to take this opportunity to publicly thank Noel for his contribution to Tranz Rail in what have been difficult times."</p> <p>Earlier this week, Mr Coom was one of a number of former Tranz Rail executives named as having retained ownership in substantial numbers of Tranz Rail shares, despite buy-out offers from new owner Toll Holdings.</p> <p>Mr Coom was formerly the New Zealand manager of shipping line ANZDL.</p> <br />