Tag: UK

Ian Griffiths, Group Managing Director of GKN Automotive, has been appointed Managing Director of Royal Mail Letters, it was announced today. Reporting to Adam Crozier, Royal Mail’s Group Chief Executive, Mr Griffiths will have day-to-day responsibility for the delivery of Royal Mail’s annual postbag of more than 20 billion letters. Mr Griffiths will be joining the board of Royal Mail Holdings plc, chaired by Allan Leighton, and he will also sit on the company’s Management Board, which is chaired by Mr Crozier. He is expected to take up the appointment early next year.

Adam Crozier, chief executive of Royal Mail, last nightscotched reports that the Government had agreed to hand over pounds 2 billion to plug a pounds 4 billion pension black hole. “Absolutely not,” Mr Crozier said. “There is some confusion out there. It is not for the Government to finance the business but for the regulator Postcomm to ensure that the business can fund its activities and that is quite a difficult task.” A spokesman for the Department of Trade and Industry said that no decision had yet been taken about whether to give any money to plug the pension deficit.