After being with the company since 8 long years, Iain Coucher, shall stay in the post for the coming months as his successor has been sought.

The 48-year old worker seems to be very proud of what the Network Rail team had achieved since the past eight years and that Britain's railway network seems to be stepping on the right tracks for the future.

According to the chairman of Network Rail, Rick Haythornthwaite, Mr. Coucher is an outstanding leader and the transforming changes in the Britain's railways had been implemented during his time.

The rail infrastructure company recently felt the strict regulatory regime on its revenues and has turned under the mounting pressure on its performance-related bonuses.

During the month, the company unveiled that the profits figure has tumbled down over the past year due to the lower track access charges. The Profits for March 31 were £395m, as compared to £1.5bn, a year before.

According to the Office of Rail Regulation chief executive, prior to the firm's results, company's performance since few years is thronging mixed results and Network Rail's remuneration committee is facing the stiff pressure from the regulator to curtail the bonus payments.

Although the Network Rail is yet to announce bonus to its staff for the end of the month as in the last year, Mr Coucher waived off his annual bonus of approximately £300,000 but still got the £150,000 as a part of a three-year rolling management incentive scheme apart from the salary of around £600,000.