Board Resignation

[rogersh]

CWU - Latest from the Branch - Dated 30/04/2025

EP GROUP TAKEOVER CONFIRMED (Edit)

..."We understand there is still likely to be a further four-week period before the current board resign and EP Group are in place to actually run the company. We also understand this extended period is due to the current board fulfilling their final fiduciary responsibilities....."

So have the board resigned ?

If the new board are in place imminently will the CWU be negotiating with them regarding Royal Mail Group pay, new entrants terms, sick pay, USO, VR’s etc.

[RobertT]

So have the board resigned ?

Most of the current board are due to resign as part of the company being de-listed from the stock market, which is expected to happen tomorrow(2 June).
This is taken from a document released on 28th May:

Changes to the IDS Board
 
Upon the cancellation of listing and admission to trading of IDS Shares, each of Keith Williams, Sarah Hogg, Maria da Cunha, Michael Findlay, Lynne Peacock, Shashi Verma, Jourik Hooghe and Ingrid Ebner will resign as non-executive directors of IDS. At the same time or shortly thereafter, certain representatives of EP will be appointed as non-executive directors of IDS.
 
Martin Seidenberg, the Chief Executive Officer of the IDS Group, and Michael Snape, the Chief Financial Officer of the IDS Group, will continue in their respective roles.
 
A further announcement will be made in due course as the IDS board changes take effect as well as upon the appointment of additional independent non-executive directors to the IDS Board.

[SkiSunday]

CWU - Latest from the Branch - Dated 30/04/2025

EP GROUP TAKEOVER CONFIRMED (Edit)

..."We understand there is still likely to be a further four-week period before the current board resign and EP Group are in place to actually run the company. We also understand this extended period is due to the current board fulfilling their final fiduciary responsibilities....."

So have the board resigned ?

If the new board are in place imminently will the CWU be negotiating with them regarding Royal Mail Group pay, new entrants terms, sick pay, USO, VR’s etc.

fiduciary responsibilities is a very interesting choice of language by the CWU...

[qwerty2]

CWU board should resign aswell
Dave and Marty put your hands down your pants and find your b.......

[roadrunner bill]

They should be ashamed of themselves as human beings...

How do they sleep at night... o yes.... greed and money in their accounts....

Ruthless pyscothpaths... don't give a s**t...

While the whole company and it's employees on the front line are decimated....

This world is f****d...

[hans solo]

Get local votes of no confidence in

[mjd24]

They should be ashamed of themselves as human beings...

How do they sleep at night... o yes.... greed and money in their accounts....

Ruthless pyscothpaths... don't give a s**t...

While the whole company and it's employees on the front line are decimated....

This world is f****d...

Ashamed for what?

Not trying to be argumentative just a genuine question as im maybe not as in the know as you and others.

[Delbhoy]

They should be ashamed of themselves as human beings...

How do they sleep at night... o yes.... greed and money in their accounts....

Ruthless pyscothpaths... don't give a s**t...

While the whole company and it's employees on the front line are decimated....

This world is f****d...

Ashamed for what?

Not trying to be argumentative just a genuine question as im maybe not as in the know as you and others.

would say for running the company and staff into the ground. just my opinion tho.

[smok3y666]

They should be ashamed of themselves as human beings...

How do they sleep at night... o yes.... greed and money in their accounts....

Ruthless pyscothpaths... don't give a s**t...

While the whole company and it's employees on the front line are decimated....

This world is f****d...

I presume you're on about the CWU?

[GRS]

So have the board resigned ?

Most of the current board are due to resign as part of the company being de-listed from the stock market, which is expected to happen tomorrow(2 June).
This is taken from a document released on 28th May:

Changes to the IDS Board
 
Upon the cancellation of listing and admission to trading of IDS Shares, each of Keith Williams, Sarah Hogg, Maria da Cunha, Michael Findlay, Lynne Peacock, Shashi Verma, Jourik Hooghe and Ingrid Ebner will resign as non-executive directors of IDS. At the same time or shortly thereafter, certain representatives of EP will be appointed as non-executive directors of IDS.
 
Martin Seidenberg, the Chief Executive Officer of the IDS Group, and Michael Snape, the Chief Financial Officer of the IDS Group, will continue in their respective roles.
 
A further announcement will be made in due course as the IDS board changes take effect as well as upon the appointment of additional independent non-executive directors to the IDS Board.

All we can hope is that when the Grim Reaper comes calling it’s long, slow and painful for them all.

[Sean06]

They should be ashamed of themselves as human beings...

How do they sleep at night... o yes.... greed and money in their accounts....

Ruthless pyscothpaths... don't give a s**t...

While the whole company and it's employees on the front line are decimated....

This world is f****d...

I presume you're on about the CWU?

Why cwu??

[roadrunner bill]

They should be ashamed of themselves as human beings...

How do they sleep at night... o yes.... greed and money in their accounts....

Ruthless pyscothpaths... don't give a s**t...

While the whole company and it's employees on the front line are decimated....

This world is f****d...

Ashamed for what?

Not trying to be argumentative just a genuine question as im maybe not as in the know as you and others.

would say for running the company and staff into the ground. just my opinion tho.

Yes it is... running the whole.company... and it's posties into the ground..... ruthless nutcases....

[richj2009]

It's an absolute disgrace. This was their intention all along as he increased his holding. All those vile tossers on the board made millions from this sale while us sad saps have to face the reality as a privately owned company employee. Its bleak to say the least. Life as we knew it will be even further away in a few months. Good luck everyone.

[mjd24]

It's an absolute disgrace. This was their intention all along as he increased his holding. All those vile tossers on the board made millions from this sale while us sad saps have to face the reality as a privately owned company employee. Its bleak to say the least. Life as we knew it will be even further away in a few months. Good luck everyone.

Whats motivated you to say this?

Feel like im not in the loop about something.

[TopperGas]

It's an absolute disgrace. This was their intention all along as he increased his holding. All those vile tossers on the board made millions from this sale while us sad saps have to face the reality as a privately owned company employee. Its bleak to say the least. Life as we knew it will be even further away in a few months. Good luck everyone.

Whats motivated you to say this?

Feel like im not in the loop about something.

Where have you been for the last 5 years or so whilst the present board have run the company into the ground?