Royal Mail Pensions Trustees Ltd’s CEO Chris Hogg is to join the National Grid.

Following four years in the role, since May 2013, Hogg is to leave the firm, although an official date is yet to be revealed.

Hogg joined Royal Mail Pensions Trustees as head of funding in 2009 until being made chief executive four years later. During his time at the group, Hogg oversaw the transition from state ownership to privatisation. Before this he worked at Aon as a trustee-focused pensions consultant, and later at KPMG as a corporate-focused pensions consultant.

The Royal Mail is currently in the midst of settling its pension dispute which will see its Royal Mail Pension Plan close to future accrual on 31 March 2018. Royal Mail has confirmed its plans for a new pension scheme that comprises of a defined benefit cash balance scheme and a defined contribution scheme.

Nonetheless, the firm’s plan has been met with considerable rejection from worker’s unions CWU and Unite, with CWU setting a new deadline of 6 September 2017 for Royal Mail to come forward with an accepted resolution.

Last month Royal Mail saw its revenue increase by one per cent in the three months up to the end of 25 June 2017, despite its ongoing pensions dispute with staff and unions.

Moreover, in its latest report, National Grid noted that its recent sale of its UK Gas Distribution business led to the agreement with pension trustees to split the scheme into three sections and undertake a major financing programme.

The company’s high operating profits were said to be a result of one-off pension contributions in the UK and US, and lower working capital inflows.

Royal Mail declined to comment on Hogg’s departure. Pensions Age is awaiting comment from National Grid.

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