Appointment of new CFO

This morning we have announced to the market that Michael Snape has been appointed as Group Chief Financial Officer (CFO) from today, taking over from Mick Jeavons who will leave the company on 31 May 2024 following a handover period.

Michael was previously CFO of Boots. Prior to Boots he was International CFO for Tesco, and his earlier career was spent with Waitrose, part of the John Lewis Partnership, and J Sainsbury plc.

Announcing these changes, Group Chief Executive Officer Martin Seidenberg said: “I am delighted to announce the appointment of Michael as Group CFO of IDS. Michael brings extensive turnaround experience and excellent financial leadership gained in a number of leading international companies during their transformation. I look forward to working closely with him to ensure that both Royal Mail and GLS reach their full potential.

“Mick has been a great colleague and his counsel, knowledge and experience have been invaluable to both myself and the Board over the last few years. We thank him for his outstanding contribution through some turbulent times, and wish him every success for the future.”

Mick Jeavons said: “I have enjoyed immensely my journey with this incredible company and I thank all the wonderful people I have met during my time here for their advice, professional support and friendship. As the Group moves to the next stage in its transformation, I’d like to wish Martin, the Board and all my colleagues at IDS, Royal Mail and GLS all the best for the future.”

Michael Snape said: “I am delighted to be joining IDS at such a pivotal time and am excited by the renewed level of ambition that Martin and the Board have for both Royal Mail and GLS. I look forward to helping drive the turnaround of Royal Mail and the continued growth in GLS to deliver for our customers, our colleagues and our shareholders.”

RM Communications