Royal Mail Chair Resigns After Shareholder Pay Revolt

The chair of Royal Mail, Peter Long, has stepped down after one of the biggest executive pay revolts by investors in UK corporate history. The privatised postal service operator said Long had reviewed his board roles and decided to focus on his position as executive chair of the estate agent Countrywide.

Royal Mail said Long had concluded it was no longer possible for him to remain as the executive chair of Countrywide and the non-executive chair of Royal Mail.

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