15 May 2017 11:16
Royal Mail plc
Directorate Change
15 May 2017
Royal Mail plc announces appointment of Stuart Simpson as Chief Finance Officer
The Board of Royal Mail plc (RMG.L) today announces that Stuart Simpson, Director of Group Finance, will be appointed Chief Finance Officer (CFO) and join the Royal Mail Board. Stuart's appointment follows a comprehensive search that included both internal and external candidates.
Stuart will report to Moya Greene, Chief Executive Officer (CEO), and will take up his new post at the conclusion of the Company's Annual General Meeting (AGM) to be held on Thursday 20 July 2017. In December 2016, Matthew Lester, the current CFO, informed the Board of his intention to step down from the Board following the Company's 2017 AGM, and confirmed that he would not be standing for re-election.
Stuart joined Royal Mail in 2009. He was appointed as Director of Group Finance in July 2015. Prior to this, he was Deputy Chief Operations Officer and has been a member of the Chief Executive's Committee since 2014. He has also held senior operational and finance positions within the Royal Mail's core UK business. Before joining the Company, he worked in the automotive industry where he held senior roles in both finance and strategy, based in the UK and internationally. Stuart is a chartered accountant.
Moya Greene, CEO, said: "I welcome Stuart to the Royal Mail Board. He brings a very detailed knowledge of our business to this key role, which he has developed over eight years working both at the Group level and in our core UK operations. This will prove invaluable as he works with me to transform Royal Mail. Over the past three years, he has been instrumental in driving performance particularly in the core business. His combination of financial and operational experience makes him an excellent addition to the Board.
"I want to thank Matthew for his dedication and service to Royal Mail throughout an unprecedented period of change. He has made a significant contribution to the Company over the past six years. We wish him all the best for the future."
Peter Long, Chairman, said: "I am delighted that Stuart has been appointed as Chief Finance Officer. His experience will be of great benefit to the Board as we take the Company forward to the next stage of our strategy."
Stuart Simpson said: "I am delighted to take on the new role and I am looking forward to the opportunities and challenges it will bring. It will be a privilege to serve on the Board of Royal Mail, a business with a strong brand and unique history."
There is no information required to be disclosed in accordance with Listing Rule 9.6.13. This announcement contains inside information.
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