- Mark Threapleton to retire later this year after 40-year career in transport sector
- Recruitment of successor underway with phased transition planned in the months ahead
Stagecoach today (19 March 2020) outlined its succession plans for one of its senior executive roles as it confirmed Mark Threapleton will retire from his position as Chief Operating Officer later this year.
Mark started his career in the public transport sector in 1976 with South Yorkshire Passenger Transport Executive.
He joined Stagecoach in January 1995 as Operations Director in South East London and has gone on to have a 25-year career with Britain’s biggest bus and coach operator.
In 1996 Mark moved to be Operations Director for the newly acquired south Manchester business, and in 2000 he became Operations Director for the company’s UK Bus division. He went on to become Managing Director for Stagecoach Manchester and subsequently led the London business, which operates services on behalf of Transport for London.
Mark was appointed Managing Director for Stagecoach operations in England and Wales in 2017 and has been Stagecoach’s Chief Operating Officer since July 2019.
During the period of Mark’s leadership, Stagecoach has delivered a number of key projects which have transformed the business and made bus travel easier for customers.
Stagecoach has delivered the biggest roll-out of contactless technology by any bus operator in Britain to simplify ticketing. It has also launched a new bus app, featuring a new online travel-planning tool that provides customers with real-time tracking of their bus service on an interactive map. Last month, Stagecoach also launched a new look for its buses as part of a wider commitment to make using public transport easier.
Stagecoach is also taking extensive steps to decarbonise its business, including a £13m investment in what is one of the biggest orders of new electric buses in Europe. A total of nearly 50 new e-buses are being introduced in Greater Manchester and Caerphilly, South Wales. By the end of 2020, Stagecoach will have more electric vehicles than any other major UK bus operator.
Mark will formally retire in September 2020, with a phased transition from May.
Stagecoach Chief Executive Martin Griffiths said: “Mark is a highly respected senior executive in the UK bus industry and a highly regarded member of our team. He has made a significant contribution to the business over more than two decades.
“We have already started the process to recruit a successor to ensure there is a smooth transition when Mark retires. We wish him a well-deserved and long retirement with his family when that time comes.”
Details of the successful candidate for the role, which will be renamed Stagecoach UK Managing Director, will be confirmed later in the year.