Post Office chief executive to step down

Business

Post Office chief executive Nick Read is to step down, the company has announced.

Mr Read had temporarily stepped back from the role in July to prepare for the next stage of the Horizon scandal inquiry.

Neil Brocklehurst, the current interim chief operating officer, has been asked to replace Mr Read as acting CEO.

“It has been a challenging period for the Post Office and its postmasters, and Nick has been instrumental in navigating the business through this while beginning the important process of cultural change,” said the interim chair of the Post Office Nigel Railton.

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