bpost unveils business restructure
bpost has announced that it is restructuring around three businesses units in order to “accelerate its transformation” and “prepare for the future”.
In a statement sent to Post&Parcel today (2 May) the Belgian postal operator announced: “bpost group will be organized around three business units: Mail & Retail that will be headed by Kurt Pierloot; Parcels & Logistics Europe & Asia headed by Luc Cloet; and Parcels & Logistics North America headed by Pierre Winand.”
Luc Cloet and Pierre Winand will become members of the Group Executive Committee. Marc Huybrechts, currently member of the Group Executive Committee in charge of Mail Retail Solutions, will leave the company and Philippe Dubois, also currently member of the Group Executive Committee in charge of Mail Services Operations, will report to Kurt Pierloot. The other responsibilities within the Group Executive Committee remain unchanged.
The company announcement stated: “For the future, bpost aims at remaining an innovative and efficient operator in Belgium with a last mile adapted to the changing needs of the Belgian society, an exceptional customer reach and a sustainable delivery of the Universal Service Obligation. We also want to become a leader in e-commerce logistics in the Benelux, using our meaningful presence in the EU and US to offer an access for Belgian companies and consumers to EU, US and transatlantic e-commerce logistics solutions. In order to realize this ambition we defined a focused strategy which remains unchanged.
“The acceleration of the mail volume decline, the increase in parcel volumes and the e-commerce logistics value creation are among others important challenges requiring modifications to our organization and Group Executive Committee.”
Commenting on the restructure, Koen Van Gerven, CEO of bpost: “I’m convinced these organizational changes will better position our company to implement successfully our strategy. It will help us to accelerate our transformation into an international and dynamic group with headquarter in Belgium.”
UPDATE: bpost Q1 results
bpost also announced yesterday (2 May) that it generated revenues of €916.2m revenues in the first quarter (Q1) of 2018, which was up 27% on the previous year. The company said this was “driven by acquisitions and continued strong Parcels growth, partly offset by declining Domestic Mail revenues”.
Domestic Mail saw an underlying drop of 6.6% in volumes. However, bpost reported an “outstanding” 28.3% growth in Domestic Parcels volumes.