Canada Post Chief to Take Over at UK's Royal Mail

Canada Post Chief to Take Over at UK's Royal Mail

Moya Greene, chief executive of Canada Post, has been appointed the new chief executive officer of the UK's Royal Mail.

Greene, 56, the first woman and non-Briton to run Royal Mail, will take the helm of the state postal company in July.

Greene's appointment coincides with moves by the recently elected UK government to revive plans to partially privatize Royal Mail.

The government is mulling plans to sell up to 49 percent of Royal Mail and spin off its postal arm, the Post Office, into a publicly owned company.

There is also speculation the government might sell off General Logistics Services, Royal Mail's profitable European parcel delivery unit, which could raise up to $1.5 billion.

Greene played a key role in rail privatization and airline deregulation in Canada and held several senior private sector positions before becoming chief executive of Canada Post in 2005.

-- Contact Bruce Barnard at brucebarnard47@hotmail.com.