Mr Read wrote in a note to staff that he would step back over the summer to prepare for the next phase of proceedings, focusing on current practices.
The Post Office chief executive Nick Read will temporarily step back from the role so that he can give his “entire attention” to the next stage of the Horizon inquiry, he has said.
Former post office workers celebrate outside the Royal Courts of Justice, London, after having their convictions overturned by the Court of Appeal More than 700 subpostmasters were prosecuted by the Post Office and handed criminal convictions between 1999 and 2015 as Fujitsu’s faulty Horizon IT system made it appear as though money was missing at their branches.
Mr Read’s decision to temporarily step back from the CEO role comes amid a year dominated by the fallout from the Horizon scandal. Mr Read also denied a claim made by former chair of the Post Office Henry Staunton that he had tried to resign because of pay.
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