UK Royal Mail MD stands down
Jerry Cope, managing director of UK Royal Mail, unexpectedly left the postal company yesterday only months after the completion of an internal restructuring.
Mr Cope’s position had looked uncertain because of the number of senior executives at the head of the mail business, after Allen Leighton, the chairman, recruited Adam Crozier and Elmer Toime to the board. A spokeswoman for Royal Mail said that Mr Cope had decided to stand down. “One of our priorities is to streamline the size and structure and costs of our mangement team,” she said. Mr Cope had been with Royal Mail for 30 years and had been on the board since 1996.
