Andy Byford, who took the helm at TfL in June 2020, is to step down later this year after steering it through the worst crisis in its history, Sky News learns.
Mr Byford's most important short-term achievement, however, was the delivery of a long-term funding deal for TfL after two years in which its balance sheet was ravaged by the COVID-19 pandemic.
The London mayor had also warned of significant cuts to services prior to the latest deal being struck, while he said last month that a"significant funding gap" remained and would likely mean fare increases. Industry analysts pointed to Andy Lord, TfL's chief operating officer, as a logical internal candidate to take the helm.
Appointed in May 2020, just weeks after London was put into its first coronavirus lockdown, Mr Byford arrived with a stellar track record as the former president and chief executive of the New York Transit Authority, where he was credited with modernising a troubled public transport system.
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