Shashi Verma ('93) appointed by the Board of Royal Mail UK as Non-Executive Director
London Stock Exchange (September 30, 2021)
Royal Mail plc (the Company) is pleased to announce that Shashi Verma has been appointed as a Non-Executive Director of the Company as of 29 September 2021. Shashi also joined the Nomination Committee and the Corporate Responsibility Committee from this date.
Shashi is Director of Strategy and Chief Technology Officer at Transport for London (TfL) and a Trustee for the Centre for London. After a brief time teaching at Harvard University and then working as an engagement manager at McKinsey in London, Shashi had a long career at TfL. Since 2006, he has been responsible for the operation of TfL's revenue collection system, including the Oyster card, the largest smartcard-based ticketing system in the world; and, advising the Mayor of London on fares and ticketing policy. In 2011, he added responsibility for integrating all customer-facing activities and for running TfL's customer service operations. Shashi has led the development of contactless payments since 2007 and implemented this successfully on TfL's systems starting in 2012. In the process he has developed capability for technology development and globally leading innovation in a public sector organisation.
Since 2017 Shashi has been responsible for TfL's integrated delivery of technology and has built a record of technology led transformation. Earlier in his time at TfL Shashi led TfL's activities on the development of Crossrail in its planning phase.
Shashi's appointment is a further step in refreshing and strengthening the Board.
Shashi Verma said: "I am very pleased to be joining the Board of Royal Mail plc. I look forward to working with Keith Williams, the Board and management in an iconic British company with a rich heritage as it shapes itself into a new future."
Keith Williams said: "I am delighted to welcome someone of Shashi's calibre and experience to the Board. Shashi has had a distinguished career, including leading the implementation of new technologies and innovation in the public sector. I'm sure Royal Mail will greatly benefit from his experience".