THE general manager of the Isle of Wight Steam Railway is retiring after 14 years.

Peter Vail was appointed in 2005 at a time when the railway had suffered from a lack of investment.

Prior to joining the team he had spent 30 years working for HSBC.

By his own admission Peter’s knowledge and experience of railways was non-existent.

However, the board was looking for a business leader with a sound financial understanding, together with a knowledge of people management and business development.

Peter said: "My brief from the board was just two points ­— maintain financial control and

take the steam railway to the next level.

"This was ideally suited to my banking background and gave me a clear opportunity to be creative with the business."

Under his management, the £1.2 million 'Train Story' visitor centre opened, and the railway teamed up with a local falconer who created a highly-acclaimed Bird of Prey Centre on site.

Peter said: "I liken this job to that of a football manager. We have a vast number of loyal supporters who want to see positive progress in certain areas. Decisions made will never suit all, but the priority must be what is best for the business."

Chair of Isle of Wight Stream Railway Peter Conway said: "We are extremely grateful to Peter Vail who fulfilled all the commitments he made to this railway.

"Our latest audited accounts confirm our strong financial position, we have no borrowing and £1.4 million in the bank.

"Peter will be a hard act to follow but the vacancy we will be advertising presents a wonderful opportunity, for the right person.”