Overview

• 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.