Post Office chief to step down subsequent 12 months

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Post Office chief Nick Read will step down from his function subsequent 12 months, the corporate mentioned.

The chief government had already stepped down from frontline duties, saying he needed to offer his “full attention” to the ultimate phases of the investigation into the Horizon IT rip-off.

The inquiry is trying into the failure to prosecute a whole bunch of sub-postmasters for wrongful discharge primarily based on defective accounting software program that made it seem that cash was lacking from branches.

On Wednesday, the Post Office mentioned Mr Reid would depart in March 2025.

Mr Reid described it as a “great privilege” to have had the possibility to function chief government of the Post Office throughout “an exceptionally challenging time for business and postmasters”.

He mentioned: “There is still much to be done for this great institution of the British Government, but the journey to rebuild relations with postmasters is well underway and our work to seek justice and redress for postmasters will continue.”

Mr Reed joined the corporate in 2019, nicely after the prosecution, and had by no means appeared for questioning earlier than.

The Post Office Horizon IT inquiry started in 2022 and has heard proof from quite a lot of victims and officers who labored on the Post Office through the scandal.

With inputs from BBC

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