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UK Mail says CEO steps down

Reuters

(Reuters) - UK Mail Group Plc (UKM.L) said Chief Executive Guy Buswell has stepped down with immediate effect by mutual agreement.

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 percent slump in first-half pretax profit, a week earlier.

(Reporting by Muvija M in Bengaluru; Editing by Gopakumar Warrier)