Helen Weir to step down from Royal Mail board

Post by **TrueBlueTerrier** » 22 May 2009, 15:41

22/05/2009

In view of the plans Post Office Ltd is developing to expand its presence in the financial services market, in particular to launch a current account, Helen Weir has reluctantly decided that she should step down as a Non-Executive Director of Royal Mail Holdings to avoid any suggestion of a conflict of interest with her role as Group Executive Director Retail at the Lloyds Banking Group. She will leave the Board in July after the completion of the 2008/09 Regulatory Accounts.

Royal Mail Chairman Donald Brydon said, "Helen is an excellent Non-Executive Director, contributing greatly to the Board and Royal Mail over the past three and a half years, and has been a very effective chair of our Audit Committee. The whole Board is grateful to her, and will be very sorry to see her go."

Ends

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