Tag: Post Office Limited

David Mills has been in position as chief executive of Post Office Ltd, which controls the 16,000-strong branch network, for only a month after a 40-year career in banking. But in his own view he is anything but a City boy parachuted into a public organisation: “I am just a seasoned, professional manager.”

The challenge before him is immense. Putting aside the huge difficulties that face the larger Consignia group (of which Mills is now a board director), the Post Office’s branch network is in crisis. Though it might not be losing the estimated £1.5million a day haemorrhaging out of Parcelforce, Post Office Ltd’s last available figures show that in the financial year 2000/2001, the organisation lost £53million.