Cardiff Bus has appointed a new managing director.
Former UK & Ireland chief executive of leading contract logistics provider DHL Supply Chain, Paul Dyer, will take up his role at the start of January.
He will replace current managing director Cynthia Ogbonna who will leave the business at the end of next month after 15 years with Cardiff Bus and seven at the helm.
Mr Dyer said: “I’m delighted to be back in Wales and taking the helm at such an important business within the capital
“I’m confident that my experience within the transport and logistics sector will be beneficial in tackling the issues faced by Cardiff Bus.
I look forward to building on the work that has already been done and I am committed to delivering an efficient and cost effective bus service to the people of Cardiff and surrounding areas.”
Chris Lay, chair of the board at Cardiff Bus, said: “With the bus industry facing challenging times across the UK , we are confident that Paul’s impressive track record will enable the company to move forward and thrive.”
Latest accounts for the company behind Cardiff Bus, Cardiff City Transport Services, shows that in the year to the end of March, 2018, it posted pre-tax losses of £2.3m on revenues of £30.02m - although during the year capital expenditure was up on the previous year from £1.74m to £3.18m.
Cardiff Bus, which is wholly-owned by Cardiff Council, employs more than 700.
A new bus station for the city at the Interchange development at Central Square, is now under construction.
The Welsh Government's at arm's length transport body, Transport for Wales, will take delivery of the station in 2022.
