Royal Mail Chairman to step down

Donald Brydon, who has been Chairman of Royal Mail since 2009, has announced his intention to step down from the Board. The Senior Independent Director, Orna Ni-Chionna, has initiated a process to appoint his successor and Donald will continue to chair the Board until at least the AGM in the summer.

Mr Brydon has led the Board at a time of major change for Royal Mail, including its ongoing transformation and the Group’s flotation in October 2013.

Mr Brydon said: “I am proud of what Royal Mail has achieved as a company in the last six years. Our transformation is well underway and we are now a FTSE 100 listed company. I feel that now is the right time for me to make this decision.”

Moya Greene, Group Chief Executive, said: “Donald has played a key role as Chairman during one of the most eventful periods in our history. I would like to personally thank him for his support and counsel.”

Orna Ni-Chionna, Senior Independent Director, said: “Donald has made a very significant contribution to the direction of Royal Mail during his six years as Chairman. The Board offers its thanks and looks forward to working with him in the coming months.”