Tag: Royal Mail

Alan Johnson, the trade and industry secretary, is to keep secret the findings of an independent expert advising the government on Royal Mail’s future, a move that yesterday sparked cross-party protests ahead of a decision on the postal operator’s ownership. The Department of Trade and Industry has ruled out making public any of the advice provided by Sir George Bain, whose work was commissioned by Mr Johnson in the summer. The decision, revealed in a written parliamentary answer this week, has prompted immediate calls for Sir George’s findings to be published alongside a government decision ex-pected within months on plans by Royal Mail’s management for an employee share giveaway.
There is growing concern among Labour backbenchers and trade unions that ministers could renege on a manifesto policy to keep the Royal Mail in “public hands” by agreeing to a proposal from Allan Leighton, chairman, to give employees tradeable shares in the business.

Royal Mail announced today that Marisa Cassoni, Group Finance Director, will be stepping down from her role and leaving the company at the end of December.
Marisa Cassoni has been with the Company for over four years and has been a key member of the team which has seen the Company through its successful three-year renewal plan. Royal Mail is now moving into the next stage of its development, with the market opening to full competition from January 1, and the process to find a new Group Finance Director will now start.