Deutsche Post denies CFO Ernst will be replaced
Deutsche Post World Net AG denied a report in Financial Times Deutschland that its chief financial officer Edgar Ernst and his deputy Bernd Boecken will be dismissed in reaction to the company’s sluggish share price and harsh investor criticism, a spokesman told Thomson Financial News.
The spokesman confirmed that the company is drafting a new strategy for its communication with financial markets, which chief executive Klaus Zumwinkel will present on Nov 8.
He said that the new strategy will be based on a survey conducted by Boston Consulting Group of what exactly investors and financial markets expect.
