Daniel Kretinsky, the Czech billionaire who recently completed his takeover of Royal Mail, has made a significant appointment by bringing in former UK government minister Greg Hands as an adviser.
The move is a clear signal of Kretinsky's intent to navigate the UK's complex political and regulatory landscape.
Hands, who has a long history in government and a deep understanding of Westminster, will be a key figure in helping the new ownership team manage its relationship with politicians, regulators, and other stakeholders.
The appointment is also a sign of the company's commitment to the UK, as it seeks to reassure the public and the government that the company's future is secure.
The takeover of Royal Mail, a historic and iconic British institution, has been a contentious issue.
The new ownership has a major task ahead of it, including managing industrial relations and investing in the company's long-term future.
The appointment of a well-connected and respected former minister is a strategic move to help them achieve these goals and to ensure a smooth transition to the new ownership.
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