The Post Office’s chief executive, Nick Read, is set to step down from the role in March, the company has said.
The firm, which is set to announce Neil Brocklehurst as acting CEO, confirmed the news this morning.
Mr Read had taken a step back from his role in July to prepare for the next stage of the Horizon IT scandal inquiry, with Mr Brocklehurst becoming interim chief operating officer.
The departing chief executive said in a statement it had been a ‘great privilege’ to have worked as Post Office chief executive in an ‘extraordinarily challenging time for the business and for postmasters’.
Nigel Railton, the interim chair of the embattled organisation, praised Mr Read for ‘beginning the important process of cultural change’ as the Post Office continues to deal with the fallout of the Horizon scandal.
Nick Read pictured at Portcullis House in Westminster as he faced questions from MPs over the Horizon scandal in January 2024
Following the announcement that he is stepping down from his role, Mr Read said: ‘It has been a great privilege to work with colleagues and postmasters during the past five years in what has been an extraordinarily challenging time for the business and for postmasters.
‘There remains much to be done for this great UK institution but the journey to reset the relationship with postmasters is well under way and our work to support justice and redress for postmasters will continue.’
More to follow…
