Royal Mail chief Back steps down as board promises more change

(Reuters) - German businessman Rico Back stood down as Chief Executive Officer of Royal Mail on Friday after two years in charge marked by battles with unions over efforts to restructure the former UK postal monopoly. The company said Back, who founded and ran the company's German arm GLS for almost three decades before taking over as group chief in 2018, had agreed with the board to step down with immediate effect and would leave the company on Aug. 15.Non-executive chairman Keith Williams has..