A former Ocado govt who has been concerned within the NHS Check and Hint program can be appointed this week as the subsequent head of the Royal Mail.
Sky Information discovered that Simon Thompson, who has labored for firms like Apple, Honda, Lastminute.com and Wm Morrison, can be named as the subsequent CEO of the previous state monopoly.
Mr. Thompson is already a non-executive director at royal mailof the board of administrators, having served as a director of the corporate since November 2017.
He’s “a worldwide enterprise chief with confirmed experience in digitizing enterprise and buyer expertise,” in accordance with Royal Mail, and for greater than a yr he has been the appointed board member answerable for worker engagement.
Sources mentioned his appointment as UK chief govt was anticipated within the subsequent few days, practically eight months after the group’s chief govt, Rico Again, left after an sad spell on the helm.
Thompson’s final govt function was as a product supervisor at Ocado, the grocery supply group, which he left final yr.
He then spent a number of months growing the NHS COVID-19 Check and Hint software as its CEO.
Thompson’s appointment as UK chief govt officer, who oversees Royal Mail’s letter and parcel operations, will take away one other of the uncertainties traders face following final yr’s turmoil.
The corporate made an important announcement in December that it had reached an settlement with the Communication Staff Union (CWU) to finish a two-year dispute over cost.
Beneath the settlement, Royal Mail workers will obtain a 2.7% wage improve from April final yr, with an extra 1% from this April.
The group has benefited from rising parcel volumes, however has been hit by sharp declines in its letter enterprise, each traits which have accelerated through the coronavirus pandemic.
“We’ve got a window of alternative to focus Royal Mail on what our clients need in the present day – an ever-increasing want for extra packages, whereas additionally offering a sustainable letter service,” mentioned Keith Williams, Performing Chief Govt Officer of Royal Mail, when CWU deal introduced. .
“This settlement supplies a framework to just do that, however the proof can be within the pudding.
“We’ve got been too gradual to adapt previously and now we have to make modifications far more rapidly.”
Williams is anticipated to return to a non-executive function when Thompson takes workplace.
On Sunday night time it was unclear whether or not Stuart Simpson, who has been Royal Mail’s appearing chief govt officer since final Might, would stay with the corporate.
Mr. Thompson is not going to be answerable for GLS, Royal Mail’s worthwhile European parcel supply operation, which is now run by Martin Seidenberg.
Following Again’s departure final yr, the Royal Mail board abolished the group’s chief govt officer, and each division heads reported to the board.
The corporate’s shares have rebounded strongly in latest months, closing at 360.3p on Friday, marking a 60% rise over the previous yr.
CEOs didn’t obtain bonuses for 2019-20, though it’s unclear if they are going to be eligible for awards this yr.
Royal Mail was privatized by the Conservative-Liberal Democratic coalition authorities in 2013, when then-business secretary Vince Cable floated the corporate at 330 pence a share.
It now faces a mess of challenges, together with loosening its relationship with the Put up Workplace, its former sister firm, and rising competitors from rivals like Amazon.
A Royal Mail spokeswoman declined to remark.