Royal Mail Chairman Donald Brydon said: "Adam (pictured) has done and continues to do a remarkable job in leading Royal Mail through a major transformation in extremely difficult market circumstances. The Group benefits from his strong leadership and commitment to ensuring that Royal Mail has the strength and profitability to continue to support the Universal Service and to build the platform for our future growth.
"Adam remains as Chief Executive of Royal Mail for the next few months and during that time I will continue to work closely with him to ensure that our momentum is maintained right across the Group and to ensure a smooth transition to his successor."
Royal Mail will make a further announcement in due course.
