Royal Mail chairman who oversaw privatisation steps down

The man who oversaw the controversial privatisation of Royal Mail will be stepping down later this year, the postal firm has announced.

Royal Mail chairman Donald Brydon is to step down later this year Credit: PA

Chairman Donald Brydon, who has been in the post since 2009, will continue work until at least the annual general meeting in the summer, but a statement from the company revealed the search for his successor had already begun.

I am proud of what Royal Mail has achieved as a company in the last six years.

Our transformation is well underway and we are now a FTSE 100 listed company. I feel that now is the right time for me to make this decision.

– Donald Brydon, Royal Mail chairman