Appointment of new boss proves government is serious about sale

THE appointment of Moya Greene as the Royal Mail’s new chief executive reveals the government’s hard-nosed approach to privatising the business, whatever the objections of the Communication Workers Union.

Greene has a great deal of experience in such matters overseeing the privatisation of Canada’s national rail network and the deregulation of its airline industry as a civil servant in the 1990s before moving into the private sector.

She was appointed chief executive of Canada Post in 2005, beginning a programme of cost cutting that included cutting absenteeism, increasing automation and improving industrial relations.

Canada Post’s profits trebled to C$281m (£183m) during her four years in charge, despite a 5.1 per cent drop in revenues. But the Canadian Union of Postal Workers said injuries went up 15.4 per cent and grievances increased 59.3 per cent.