Royal Mail – Greene retires, Back to be CEO

Moya Green is to step down as CEO of Royal Mail at the end of June. She is to be succeeded by Rico Back who is currently CEO of Royal Mail subsidiary General Logistics Systems (GLS).

The change at the top of the UK mail operator is to take place on the 1st June.

Back has been at the helm of GLS for the last 18 years. He helped found German Parcel in 1989 that Royal Mail bought out in 99. The company was later rebranded as GLS.

Under Back’s watch, GLS has performed extremely strongly as part of Royal Mail’s portfolio. It has had strong growth in volumes and revenues as well as making acquisitions across Europe and the US. GLS now accounts for 35% of Royal Mail Group’s adjusted profit.

Royal Mail chairman Peter Long said: “Under Rico’s leadership, GLS has become the leading delivery company of its kind in Europe, making a highly valuable contribution to the wider Royal Mail Group at the same time.”

Sue Whalley is to be chief executive of post and parcels for Royal Mail UK, and will be responsible for all domestic operations other than Parcelforce and Royal Mail International.

She became COO in 2014 and was then MD of Royal Mail letters and network.

After stepping down as CEO, Greene will step down from the Royal Mail board on the 19th July and then remains at the firm until the 14th September to oversee an orderly handover.

Long said: “When Moya joined in the summer of 2010, the Company was balance sheet insolvent. Since then, Royal Mail has been transformed, including our privatisation in 2013 and two significant, ground-breaking agreements with the CWU. Alongside the strong financial position Moya has secured for the Company, we have invested over £1.5 billion in our UK operation in recent years. We are one of the most favourably viewed brands in the UK.”

The group said that Rico Back and his family live near Zurich, Switzerland, where they have been resident for more than ten years and where his youngest child is in full-time education. Switzerland is Rico’s home and he will continue to be legally domiciled there. On his appointment as Group CEO, effective 1 June 2018, Rico’s normal place of work will be the London headquarters.