Nick Read is stepping back from frontline duties as Post Office CEO to focus on Phase 7 of the Post Office Horizon IT Inquiry.
In an all-staff newsletter, sent today, Read wrote:
“Following a discussion with Post Office Chair, Nigel Railton and the Board, we have agreed that I should give my entire attention to the task of preparing the business for Phase 7… It is vitally important that we demonstrate the changes we have made and give confidence to the Inquiry and the country at large that ‘nothing like this could happen again’.”
Phase 7 of the Inquiry is called “Current practice and procedure and recommendations for the future” and is due to begin in September. Read was roundly criticised at the Business Select Committee in January for his lack of grip – repeatedly telling MPs at his oral evidence session that he could not comment on matters relating to the scandal as he was focused on the day-to-day running of the Post Office.
Read was far better during his February Select Committee hearing. Today’s announcement suggests he sees the benefit of preparation. It might also signal the beginning of the end of his five year regime.
Owen Woodley, current Deputy CEO will become acting CEO. Read says Woodley “will lead the Senior Executive Group to cover all the day-to-day activities of the business over the next 7 weeks until the end of August.”
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