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UK Mail CEO Buswell steps down

UK Mail CEO Buswell steps down

UK Mail Group Plc has said its Chief Executive Guy Buswell has stepped down with immediate effect by mutual agreement, a week after the company issued a profits warning.

The company said its founder and non-executive Chairman Peter Kane would become interim executive chairman with immediate effect.
The company reaffirmed its expectations for the current and the next financial year. UK Mail had reported a 56% slump in first-half pre-tax profit, a week earlier.

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