Arriva names new chief
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The appointment of Mr Davies, 50, follows pressure from institutional shareholders that the company should move as quickly as possible to name a replacement for Hodgson, who said in July that he would step down. Arriva, the former Cowie, issued warnings earlier this year that profits would fall short of expectations.
Mr Davies was chief executive of East Midlands Electricity until it was acquired by PowerGen earlier this year. He joined East Midlands in 1994 as group finance director.
Previously, he had spent 15 years at Ford Motor and its credit unit in the UK, Spain and the US.
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