25 years later, Gerry Degaute bows out of Royal Mail
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25 years later, Gerry Degaute bows out of Royal Mail 02 May 2013London Reporter: Georgina Lavers
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After 25 years of service, Gerry Degaute has decided to step down as chief executive of the Royal Mail’s pension trustees.
Head of funding Chris Hogg will take over the role at the end of May. Hogg has worked at the scheme since 2009 as part of the investment and funding team, and was involved with the pensions agreement concluded last year which resulted in the government taking on the historic liabilities of the Royal Mail Pension Plan (RMPP).
The executive of Royal Mail Pensions Trustees Limited (RMPTL) is made up of fifteen members, with a mission statement of providing a service to Royal Mail Pension Plan Trustee Boards that meets their requirements and enables the boards to achieve their objectives.
On top of that, it is expected that the executive should not merely be a conduit between the boards and external advisers but should add value.
Trustee chairwoman Joanna Matthews said: "[Hogg’s] skills and experience will ensure a consistently high level of service to the trustee board and allow for a seamless transition.”
"The trustee board would also like to thank Gerry Degaute very much for his 25 years of service to the scheme, a period that has seen many significant developments and changes to the plan, culminating in the pensions agreement last year."
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