Trainline shares fall as CEO set to depart

IT’S the end of the line for the boss of Britain’s best-known rail ticketing app after Trainline chief executive Jody Ford said he would be quitting.

- SIMON HUNT

Ford, who has been at the helm of the FTSE 250 company for more than six years, said he would stay in post until a search to identify a successor was completed.

The departure triggered a sharp downturn in Trainline’s shares with the stock falling by more than 6% to 190p early yesterday.

Ford, who took over the running of the business just before the pandemic, oversaw a turbulent period for Trainline.

The exec’s leadership coincided with a doubling of net ticket sales in the UK and International consumer businesses, more than doubling profits and growing new markets in France, Spain and Italy.