Royal Mail Replaces CEO After Clash With Unions, Virus Hit
- Nico Back exits after a tough two years running postal service
- Chairman takes charge with mandate to accelerate change
This article is for subscribers only.
Royal Mail Plc abruptly replaced Chief Executive Officer Rico Back after the coronavirus crisis added to ongoing challenges with a turnaround plan and labor friction.
Chairman Keith Williams will take on an additional executive role and finance head Stuart Simpson becomes CEO for U.K. operations, the flagship British postal service said in a statement Friday. The roles are temporary while the company searches for a new chief.