The Royal Mail chief executive is to step down, parent firm International Distributions Services has announced.
As first reported by Sky News, Simon Thompson had been in talks to leave the company after his credibility was challenged by MPs who recalled him for questioning at the Business, Energy and Industrial Strategy (BEIS) committee.
The company said it was in “advanced stages” of appointing a new chief executive and Mr Thompson will remain with the business until 31 October as part of the transition.
This article was originally published by Sky.com. Read the original article here.