Post Office boss to step down

Nick Read, the chief executive of the UK's Post Office, will resign in March 2025 amid ongoing scrutiny over the Horizon IT scandal, which led to the wrongful prosecution of hundreds of branch managers. Read, who took over the role in 2019, described his tenure as a 'great privilege' despite the challenges faced by the business and its postmasters. His decision to step down follows a temporary leave to focus on the inquiry into the scandal, which has been a significant source of public outrage. Critics, including lead campaigner Alan Bates, have accused Read of failing to deliver meaningful outcomes for the victims. The Post Office is expected to announce a new CEO shortly, with Neil Brocklehurst stepping in as acting CEO during this transition. The Horizon inquiry, which began in 2022, continues to investigate the extensive impact of the faulty IT system on postmasters.