CEO announces resignation, chairman steps down and issues statement

CEO announces resignation, chairman steps down and issues statement

At the regularly scheduled meeting of the Board of Directors, held in LosAngeles, Roelof van Ark, CEO announced his resignation effective two months from now. During his statement van Ark noted that the Board and administration requested he continue to provide advice to project through the end of the year citing the importance in the continuity of management and leadership. Chairman Thomas J. Umberg announced that he’d be stepping down as Chairman and will remain on the Board.

The Chairman then issued the following statement:
 
“With admiration, I would like to thank Mr. van Ark for his service to California and the high-speed rail project. The announcement of his resignation will resonate throughout the State. His energy, passion and dedication to this critically important project are a testament to his character and his professionalism. We are extremely lucky to have his continued counsel and advice as we move to implement high-speed rail in California. I remain grateful for his professionalism and friendship.”