Post Office CEO Nick Read, who is due to provide evidence on behalf of the group, and in a personal capacity, next month during Phase seven of the Post Office Horizon IT Inquiry, has announced plans to resign in March 2025.
The business will announce the process for the appointment of a new Group CEO in due course. In the intervening period, the Board have asked Neil Brocklehurst to step up as acting CEO and he will manage the business on a day-to-day basis while Nick is focused on the Inquiry.
Read said: “It has been a great privilege to work with colleagues and Postmasters during the past five years in what has been an extraordinarily challenging time for the business and for Postmasters. There remains much to be done for this great UK institution but the journey to reset the relationship with Postmasters is well underway and our work to support justice and redress for Postmasters will continue.”
Nigel Railton, Post Office interim chair, said: “On behalf of the Board, I would like to thank Nick for his commitment and hard work in leading the business over the past five years. It has been a challenging period for the Post Office and its postmasters, and Nick has been instrumental in navigating the business through this while beginning the important process of cultural change. We wish him all the best for his future endeavours.”
