Royal Mail PLC Directorate Change (1400F)
15 Mai 2017 - 12:16PM
UK Regulatory
TIDMRMG
RNS Number : 1400F
Royal Mail PLC
15 May 2017
Royal Mail plc
Directorate Change
15 May 2017
Royal Mail plc announces appointment of Stuart Simpson as Chief
Finance Officer
The Board of Royal Mail plc (RMG.L) today announces that Stuart
Simpson, Director of Group Finance, will be appointed Chief Finance
Officer (CFO) and join the Royal Mail Board. Stuart's appointment
follows a comprehensive search that included both internal and
external candidates.
Stuart will report to Moya Greene, Chief Executive Officer
(CEO), and will take up his new post at the conclusion of the
Company's Annual General Meeting (AGM) to be held on Thursday 20
July 2017. In December 2016, Matthew Lester, the current CFO,
informed the Board of his intention to step down from the Board
following the Company's 2017 AGM, and confirmed that he would not
be standing for re-election.
Stuart joined Royal Mail in 2009. He was appointed as Director
of Group Finance in July 2015. Prior to this, he was Deputy Chief
Operations Officer and has been a member of the Chief Executive's
Committee since 2014. He has also held senior operational and
finance positions within the Royal Mail's core UK business. Before
joining the Company, he worked in the automotive industry where he
held senior roles in both finance and strategy, based in the UK and
internationally. Stuart is a chartered accountant.
Moya Greene, CEO, said: "I welcome Stuart to the Royal Mail
Board. He brings a very detailed knowledge of our business to this
key role, which he has developed over eight years working both at
the Group level and in our core UK operations. This will prove
invaluable as he works with me to transform Royal Mail. Over the
past three years, he has been instrumental in driving performance
particularly in the core business. His combination of financial and
operational experience makes him an excellent addition to the
Board.
"I want to thank Matthew for his dedication and service to Royal
Mail throughout an unprecedented period of change. He has made a
significant contribution to the Company over the past six years. We
wish him all the best for the future."
Peter Long, Chairman, said: "I am delighted that Stuart has been
appointed as Chief Finance Officer. His experience will be of great
benefit to the Board as we take the Company forward to the next
stage of our strategy."
Stuart Simpson said: "I am delighted to take on the new role and
I am looking forward to the opportunities and challenges it will
bring. It will be a privilege to serve on the Board of Royal Mail,
a business with a strong brand and unique history."
There is no information required to be disclosed in accordance
with Listing Rule 9.6.13. This announcement contains inside
information.
-ends-
Company Secretariat:
Kulbinder Dosanjh
Phone: +44(0)20 7449 8133
Email: cosec@royalmail.com
Investor Relations:
Catherine Nash
Phone: +44(0)20 7449 8183
Email: investorrelations@royalmail.com
Media:
Peter Tilley
Phone: +44(0)7841 803 316
Email: peter.tilley@royalmail.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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