UKGI00049020 - Email to Minister Paul Scully and SpAds re approval of exit package for Post Office CFO.

Evidence on official site

UKG100049020
UKGI00049020

To: Office)[Minister.Scul
Office) [~ Secretary Of State (Private Office)[i
Ce: brooks-white: i Hastings, Matt (BEIS

Brinkworth, Elliot -

Carl (Professional Business Services,
From: Rajeswaran, Siv - UKGI
Sent: 2021-01-19T11:08:10Z
Importance: Normal
Subject: [OFFICIAL SENSITIVE-PERSONAL] For Approval - POL CFO Exit Package
Received: 2021-01-19T11:08:12Z

20210119 POL Approval of CFO Exit Package VFIN.docx

OFFICIAL — SENSITIVE PERSONAL

OFFICIAL SENSITIVE - PERSONAL
Izzy, Abdel, Jess

Cc Imogen

Hope you are well.

As discussed on a call with Jess this morning, please see attached advice for clearance by SpAds and Minister Scully
regarding the approval of the exit package for the Post Office CFO ahead of it going to SoS for final approval.

As flagged on the call, we will be requesting urgent clearance as POL must conclude settlement negotiations [iE

Please see below a summary of the advice. Given the urgency, we will be submitting to SpAds and Minister Scully in
parallel.

This is highly sensitive so please handle this information with care. Thanks again to everyone for your assistance on
what is a very complex and sensitive issue.

Please let me know of any questions.
Purpose:

BEIS previously agreed to a request from POL for it to end the employment of its CFO. The last submission noted that
POL’s proposal for the terms of the CFO’s exit package would follow once initial Ministerial feedback was provided.

Timing: For clearance from Minister Scully and Special Advisors by 22 January, ahead of submission to SoS for
clearance by 29 January.

Recommendation:
UKG100049020
UKGI00049020

Special Advisers
This has been sent to SpAds’ office in parallel.

Annexes
A- Exit Package Options
B— Draft Letter from Tim Parker to BEIS Secretary of State (18 January 2021)

Contacts
Director General — Charles Donald,,____ GRO:

Lead Officials — Siv Rajeswaran — details below
Director Responsible — Tom Cooper;

Kind regards,
Siv
Siv Rajeswaran I Manager

UK Government Investments

. London, SW1H OET

org.uk

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OFFICIAL — SENSITIVE PERSONAL