Royal Mail CEO Back quits as board promises to spur change
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(Reuters) - Royal Mail Chief Executive Rico Back stood down on Friday after two years in charge marked by battles with unions over a proposed 1.8 billion pound restructuring plan for the former UK postal monopoly. The company said Back, who founded and ran Royal Mail's German arm GLS for almost three decades before taking over as group chief executive in 2018, had agreed with the board to step down with immediate effect and would leave the firm on Aug. 15.Non-executive chairman Keith Williams..