Deutsche Post CEO Zumwinkel disappointed with DHL integration in France, UK
Deutsche Post AG chief executive Klaus Zumwinkel said he is disappointed with the integration of DHL in France and the UK, according to an interview to be published in Handelsblatt tomorrow.
But Zumwinkel said he has taken steps to speed up the process, including sacking the head of UK operations.
Deutsche Post acquired DHL in 2002, and has successfully completed the integration of the unit at its German and Dutch operations.
The matter is significant because Deutsche Post must now focus on integrating Exel Plc, which it agreed to acquire for 5.5 bln eur last month.
Overall, Zumwinkel said Deutsche Post’s biggest upcoming challenge will be to ensure that its logistics operations grow at the same pace as the overall market.
Zumwinkel told the newspaper this is particularly important in the growing Chinese and Indian markets.
In addition, he said that once the German mail delivery market is liberalised in 2008, the company must make up for lost revenue at home with increased sales abroad.
