Royal Mail names Keith Williams as new chairman
UK postal and courier firm, Royal Mail, has appointed former British Airways boss, Keith Williams, as the company’s new Chairman.
Williams is currently Deputy Chairman and will take over the post from Les Owen on 22 May 2019, following the Royal Mail's full year results. Williams was appointed to the Royal Mail board in January 2018. He was appointed Chair of the Audit and Risk Committee in July 2018, and Deputy Chairman in November 2018.
The incoming chairman is a highly regarded British business leader, who worked in the UK and internationally before joining British Airways in 1998. He worked there for 18 years, including five years as CFO, three years as CEO and two years as Executive Chairman.
During that time, he led the transformation of the company, building a leaner and more customer focused organisation with a sustainable future.
Insruance giant, Aviva, also announced today that Williams will be stepping down as a Non-Executive Director and Chair of its Audit Committee immediately following the conclusion of the company's AGM in May.
"I am delighted to accept this role”, said Williams. “Royal Mail has many strengths, including great brands and great people, which form a platform for future success.
“The fast-moving delivery market means that we need to keep changing, and at greater pace. I look forward to working with Rico Back, our Group CEO, and the senior management team as we address the significant challenges facing our business."
Outgoing chairman, Les Owen said: "As we previously communicated, my tenure as Chairman was planned to be for a limited period only. I am delighted with the announcement that Keith will succeed me in May.
“Over the next two months, we will work closely together to ensure that our management team are fully supported as they address the challenges we face in the UK letters and parcels business.
“Keith is well known to our management, provides continuity, and has in his time on the Board developed a deep understanding of our business and its priorities.
"We are planning to further strengthen the Board in the coming months through the appointment of a number of additional Non-Executive Directors."