Our people

Rachel McLean joined HS2 Ltd in March 2026 as Chief Financial Officer. 

She previously served as Chief Finance Officer at Transport for London (TfL), appointed in October 2022, where she led the organisation’s overall budget and funding strategy, together with leading the technology products and operations, and commercial functions. During her tenure, she played a key role in TfL achieving an operational surplus for the first time and securing a multi-year funding settlement with HMG.  

Rachel’s earlier career includes senior leadership roles across both the public and private sectors. She has been CFO for Crossrail, Finance Director for Operations at TfL, and a Board Member and Director General – Chief Financial Officer at the Ministry of Housing, Communities and Local Government. She has also held senior positions at HMRC Customer Services, and prior to that spent nine years at TfL in asset management and finance leadership roles.  She has also served as a Non‑Executive Board Member and Chair of the Audit & Risk Assurance Committee at Sellafield Ltd.  

Rachel is a Fellow of the Chartered Institute of Management Accountants and a Member of the Chartered Institute of Public Finance and Accountancy.