On May 15, 2020 Royal Mail’s Board and Rico Back have agreed that he will step down as Group CEO and from the Group Board with immediate effect, and officially leave Royal Mail on August 15, 2020.
Rico Back started his career in Royal Mail’s parcels operation, General Logistics Systems in 1989, which he supported the development of. In 2016 he became responsible for Royal Mail Group’s parcels and international business and was appointed to Royal Mail’s Chief Executive Committee. He was appointed Group CEO in June 2018.
The company has also announced that Keith Williams will assume the role of interim Executive Chair to lead discussions with stakeholders about an accelerated change across the business. He is expected to remain in this executive role until the search for a permanent CEO of Royal Mail (UKPIL) is concluded. Keith Williams joined the Board in January 2018. He took over as Audit Chair in July 2018 and became Chairman in May 2019. He is experienced in business transformation and industrial relations. He was previously Chairman and CEO of British Airways. Commenting on the announcement, Williams said: “Back has made a significant contribution to the evolution of our business over his 20 years with us, particularly in building our international parcels business and developing our Group strategy, which recognised the urgent need for change to create a sustainable business for the future.”
The Board has appointed Stuart Simpson interim CEO of Royal Mail (UKPIL). Mick Jeavons will be interim Group CFO.
Source: Royal Mail
