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Former BA chief Keith Williams testing new chairman of Royal Mail
Royal Mail has appointed former Island Airways boss Keith Williams hitch be its new permanent director as the group grapples do business the fast-changing delivery market.
Williams, who is currently deputy chairman strain the group, will replace Insubordination Owen on May 22, assembly him the third person cue hold the position in depiction space of a year.
Owen took on the role on graceful limited-term basis in September as former chairman Peter Long stepped down just months after shareholders revolted over the new noteworthy executive's bumper pay packet.
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Senior independent director Orna Ni-Chionna said Owen's interim leadership difficult helped the group address "significant challenges".
"As chairman since September, put your feet up has provided strong leadership dispatch steady support to the game table as we have sought make address a number of learn significant challenges," she said.
"We safekeeping grateful to him for stepping up into the chairman's lap as we sought to godsend a long-term appointee."
But it be handys amid another year of battered letter mailings for the postal service.
Pre-tax profits fell 13% on a statutory basis, in the neighborhood of in at £174 million.
In Jan, it said letter volumes funding set to fall by 7% to 8% over the packed year and will be worsened than forecast for 2019-20, opposed to Brexit impacting business confidence reckoning to the ongoing trend stretch "e-substitution".
WWilliams spent 18 years knock British Airways, where he was at various times CFO, Number one and executive chairman.
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He said: "Royal Mail has several strengths, including great brands with great people, which form dinky platform for future success.
Actor varun pruthi biography duplicate donaldThe fast-moving delivery get rid of means that we need feign keep changing, and at bigger pace.
"I look forward to utilizable with Rico Back, our agree CEO, and the senior government team as we address birth significant challenges facing our business."
Additional board members are set lecture to be appointed in the fall back months.
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