USPS has announced that Postmaster General and Chief Executive Officer Patrick Donahoe has decided to retire on February 1, 2015, after 39 years with the Postal Service. Megan Brennan has been appointed as his successor and will be the first woman to occupy the post.
Donahoe became Postmaster General during a severe financial crisis and when USPS had an inflexible business model that limited the organization’s ability to respond to declining First-Class Mail volumes. In response he created an integrated financial plan and took aggressive measures to control costs – including the rationalization of mail processing, delivery and Post Office operations. These changes have significantly lowered the cost base of the Postal Service.
Mickey Barnett, Chairman of the Postal Service Board of Governors, praised Brennan as the ideal choice to replace Donahoe, he said, “Megan has demonstrated outstanding vision, leadership and executive ability in her role as chief operating officer, and has been extraordinarily successful in managing the operations of the Postal Service. She is highly regarded throughout the Postal Service and among the broader community of our major customers and business partners – and rightly so.”
Commenting on her appointment Brennan said, “I am deeply honoured and humbled to take on this role at such an exciting time for the organization. The Postal Service plays a vital role in America’s society and economy and I’m looking forward to strengthening that role and meeting the demands of a rapidly evolving marketplace in the years ahead.”
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