Post Office CEO Nick Read Steps Back to Focus on Crucial Horizon Inquiry

Deputy CEO Owen Woodley to oversee operations as Read prepares for the final phase of hearings on the Horizon scandal.

Nick Read will step back for seven weeks to prepare for the critical seventh phase of the Horizon inquiry.
The inquiry will examine current practices at the Post Office and ensure past mistakes are not repeated.
Owen Woodley, Deputy CEO, will manage daily operations during Read's absence.
The Horizon scandal involved the wrongful prosecution of over 700 subpostmasters due to faulty IT systems.
Read's leadership has faced scrutiny, but he was cleared of recent misconduct allegations.