International Distributions Services plc announced that Simon Thompson has informed the Board of his intention to step down as Chief Executive Officer (CEO) of Royal Mail. He believes that, following the negotiations' agreement between Royal Mail and the CWU, it is the right time for the company to move forward under new leadership. Simon Thompson joined the company as a Non-Executive Director in 2017 and was appointed as CEO of Royal Mail in January 2021.

The Board is in advanced stages of appointing a new CEO, and Simon Thompson has agreed to remain with the business until 31 October 2023 as part of the transition. Chairman of IDS, Keith Williams, will be providing additional oversight and support alongside his Board colleagues through this period. A further announcement will be made in due course.