09 Nov 2018, 20:36
Phantom wrote:Get ready for a complete bastard to take her place and to make even larger cuts because that's the reason for her stepping down. The next person will want blood in order to fuel the share holders, get ready for war lads n' lasses.
09 Nov 2018, 23:52
11 Nov 2018, 18:49
JKSmudge wrote:clashcityrocker wrote:Terry will be gutted.
I was wondering if Herr Black was not impressed with the results of the 2 days tete-a-tete a few weeks ago.... back to the drawing board Terry.....
11 Nov 2018, 22:30
30 Nov 2018, 08:07
A new deputy chair, who has a background in worker relations, was also appointed
Royal Mail has ousted the head of its UK post and parcels division and appointed a new deputy chairman with a background in worker relations, in an effort to stabilise the group after months of upheaval.
The postal group said on Wednesday that after 12 years Sue Whalley, chief executive of post and parcels UK, would step down with immediate effect. She will complete the handover of her responsibilities, which are to be taken up by chief executive Rico Back and chief financial officer Stuart Simpson, by the end of March.
“The Board have agreed that she will leave Royal Mail,” the company said in a statement. “Sue will work alongside Stuart Simpson on our Christmas operational programme and assist the Company with ongoing regulatory, legal and other matters, as appropriate.” The appointment of a second senior executive to support Mr Simpson is to be announced in due course.
Royal Mail also said it had appointed the head of its audit and risk committee Keith Williams as deputy chairman with immediate effect. The group said he was “in the process of reviewing his external commitments” in order to focus more on Royal Mail.
Mr Williams, who was an executive chairman of British Airways until 2016, has “a very strong track record in operational transformation, digital strategy and industrial relations, including pensions,” Royal Mail said.
That experience is significant given the months of upheaval the company has faced, from shareholders and workers alike. A summer of unrest saw a shareholder revolt over boardroom pay and the resignation of the company’s chairman, while earlier in the year nationwide strikes were narrowly avoided after postal workers voted to approve a deal on pensions, pay and working conditions.
In October a profit warning sent Royal Mail’s share price down by almost a third to its lowest point since its 2013 float. The company blamed slow productivity growth at its core UK business, which it said was “significantly below plan,” and a decline in the volume of letters being sent. On Wednesday, shares in Royal Mail edged up 2 per cent.
“The Board would like to thank Sue Whalley for the significant contribution she has made to Royal Mail across a whole range of issues over the last twelve years. She has a strong track record of driving operational and cultural change, supporting letters, and implementing digital transformations to support the growth of the parcels business. We wish her well in the future,” said chairman Les Owen.
“Following all we have done to move the organisation forward in recent years and to implement change to position Royal Mail as a leader in e-commerce, now is the time to move on,” said Ms Whalley.