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John Roberts, Chief Executive of Consignia, announced today that he would be retiring from the company later this year. In a personal statement, Mr Roberts, who is 57, said he had first discussed his retirement with Board colleagues nearly 18 months ago. ‘In February 2001, as part of a normal Board Succession Planning meeting with the Chairman and non-executive members, I said that I would have completed six years as CEO in the autumn of 2001, and I felt both myself and the company needed a change,’ said Mr Roberts.

The cost of consigning the Consignia name to history could top Pounds 1m, it emerged yesterday ahead of the announcement of plans to rename itself Royal Mail.
The main cost of the move to call itself Royal Mail is expected to be altering the Consignia signs on all its 3,000 buildings to meet company law requirements.
The Consignia name was adopted when the Post Office Group received plc status in March 2001. But it became one of the most ridiculed corporate rebrandings in recent memory and synonimous with the financial crisis engulfing the company.

Allan Leighton, the non-executive chairman of Consignia, the former Post Office, yesterday began dropping some of his other duties in preparation for a more hands-on role at the beleaguered state-run operation.
ScottishPower said Mr Leighton had quit as a non-executive director there and, according to industry sources, he is also close to dropping some other directorships.
There is growing speculation that John Roberts, Consignia’s chief executive, may be ousted, taking the blame for an expected annual loss of £1.0bn to £1.2bn to be unveiled by the group today.