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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