Royal Mail PLC Directorate Change (3750S)
20 Dezember 2016 - 1:00PM
UK Regulatory
TIDMRMG
RNS Number : 3750S
Royal Mail PLC
20 December 2016
Royal Mail plc
Directorate Change
20 December 2016
Matthew Lester to step down in July 2017 as Chief Finance
Officer of Royal Mail plc
Matthew Lester has today informed the Board of Royal Mail plc
(the Company) of his intention to step down as Chief Finance
Officer (CFO) of Royal Mail plc (RMG.L) and leave the Board
following the Company's Annual General Meeting in July 2017. He
will not be standing for re-election at that time.
Matthew joined Royal Mail as CFO in autumn 2010. He has worked
closely with Moya Greene, CEO, during a period of major change -
pre and post privatisation - and strengthened Royal Mail's
financial position. Matthew is staying on beyond his contractual
notice period to enable an orderly succession. The Company will be
initiated a process to appoint Matthew's successor and will
consider both internal and external candidates.
Matthew Lester, CFO, said: "I have enjoyed my six or so years
here a great deal. I am grateful for the wonderful support I have
had from the Board and senior management team, in particular Moya
Greene, and now it is time for a change. I don't yet know what that
entails and I am open-minded about my next move."
Moya Greene, CEO, said: "It has been my pleasure to work closely
with Matthew during one of the most transformative periods in Royal
Mail's history. He leaves our Company stronger and better placed to
build upon its leading position in UK letters and parcels. I look
forward to continuing to work closely with Matthew until next
summer. It has been an outstanding partnership."
Peter Long, Chairman, said: "Matthew has made a very
considerable contribution to our business, across a wide range of
areas. I am pleased that we will continue to benefit from his
counsel and commitment until next summer. Moya and I join the Board
in offering him our sincere thanks."
This announcement is made in accordance with Listing Rule 9.6.11
and contains inside information.
-ends-
Media:
Beth Longcroft
Phone: 07435 768 549
Email: beth.longcroft@royalmail.com
Company Secretariat:
Kulbinder Dosanjh
Phone: 020 7449 8133
Email: cosec@royalmail.com
Investor Relations:
Catherine Nash
Phone: 020 7449 8183
Email: investorrelations@royalmail.com
Notes to editors:
Matthew Lester: Matthew Lester joined Royal Mail as Chief
Finance Officer in autumn 2010. Prior to joining Royal Mail,
Matthew was Group Finance Director at ICAP plc., and prior to that,
Group Financial Controller and Group Treasurer, Diageo plc. He has
also held positions at Kleinwort Benson after qualifying as a
chartered accountant with Arthur Andersen. Matthew is currently
Non--Executive Director of Man Group plc and Chair of its Audit
& Risk Committee. He is also a main committee member of the 100
Group of Finance Directors and Chairman of its Investor Relations
and Markets Committee.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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