California high-speed rail chief resigns after spending probe
Business · First reported 29 Oct, 22:48 · Updated 07:30
Ian Choudri resigned as CEO of the California High-Speed Rail Authority after investigators questioned spending. The authority named Joe Stephenshaw as his replacement; the project has also faced delays, cost increases and scrutiny over consultants’ expenses.
- Ian Choudri resigned as chief executive on Wednesday after investigators questioned spending; he said he was leaving to focus on personal and family priorities.
- The authority’s board had limited Choudri’s contracting authority after an investigation into consultants’ travel expenses, and had considered firing him.
- Joe Stephenshaw, previously head of California’s Department of Finance, is set to replace Choudri; one account also cites delays, cost overruns and a scaled-back rail plan.
Summary written by Lux AI from 2 articles
Key facts
- Resigned
- Ian Choudri resigned on Wednesday.
- Replacement
- Joe Stephenshaw is to replace Choudri.
- Rail construction
- The account says crews had broken ground on one 119-mile section of roughly 500 planned miles.
- Board action
- The board restricted Choudri’s contracting authority, requiring legal counsel approval for contracts under $25 million.
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