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The postmaster general has been sacked by the government as the state-run company is reeling from the Horizon IT scandal.
Henry Stanton was told this weekend he would be replaced by business secretary Kemi Badenoch.
A Ministry of Industry and Trade spokesperson told Sky News: “The Secretary of State spoke by telephone today with Postal Service (POL) Chairman Henry Stanton.
“Following this call, I can confirm that he has been removed as POL Chairman. An interim replacement will be appointed shortly.
“It’s important [the] The Post Office continues to carry out significant work to introduce the necessary operational and cultural changes within the business. ”
According to the Ministry of Commerce and Industry, both parties have agreed to “part ways with mutual consent.”
Mr Stanton only took over as chairman in December 2022 after a long career on the FTSE board.
The decision to replace him comes as Rishi Sunak seeks to push for new laws to “quickly exonerate and compensate” those affected by the Horizon scandal.
“This is one of the greatest miscarriages of justice in the history of our country,” Mr Sunak told MPs earlier this month. “Those who worked hard to serve their communities had their lives and reputations destroyed through no fault of their own. The victims deserve justice and compensation.”
The government’s stake in Post Office Limited is controlled by UK Government Investments (UKGI), which also controls the public’s stake in Channel 4 and the Met Office.
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The post office relies on government funding to operate and has suffered from stiff competition in recent years.
Mr Stanton was previously chairman of insurance company Phoenix Group and high street retailer WH Smiths.
His executive career also included a stint at ITV, while also holding board seats at companies such as BSkyB and Ladbrokes.
The Post Office has been contacted for comment.
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