Senior changes

The Board and Rico Back have agreed he will step down as CEO with immediate effect and leave Royal Mail on 15 August.

Keith Williams will be interim Executive Chair of Royal Mail Group. To support Keith in his interim role, Stuart Simpson has been appointed interim CEO of Royal Mail (UKPIL). Mick Jeavons will be interim Group CFO.

Keith Williams, Executive Chair, Royal Mail plc, said: “Rico Back has made a significant contribution to the evolution of our business over his 20 years with us. On behalf of the Board, I would like to extend my thanks to Rico and wish him well in the future.”

Keith Williams will lead discussions with stakeholders about an accelerated pace of change across the business.

For further information, please refer to today’s Colleague Update.