Sir Montague, who recently retired as Chairman of Aviva PLC, will take on the new role as of July the 1st this year, it was announced today.
The CBE-awarded Businessman has served in various government roles in the past such as Chief Executive of the Treasury Taskforce, Deputy Chairman of Partnerships UK plc and Deputy Chairman of the UK Green Investment Bank. He is also the Chairman of Cadent Gas and TheCityUK Leadership Council.
Porterbrook CEO Mary Grant said: “The company and board will benefit enormously from his invaluable experience of UK rail and infrastructure investment.”
Sir Montague added: “Porterbrook has ambitious plans for the coming years, particularly its vision of adding value across the whole lifecycle of trains and the innovative projects underway to decarbonise the railway.
“These initiatives are vital at this critical time and I am keen to play my part in ensuring Porterbrook delivers for its customers, stakeholders and the travelling public.”
