Management shake-up at German private mail firm
One of the leading private mail competitors to Deutsche Post has announced a top management change. PIN AG, part of the new postal group backed by leading German newspaper groups, has named Axel Stirl as its new managing director following the resignations of the company’s two founders.
Bernhard Klapproth and Martina Roitzsch, who founded PIN AG in 1999, have resigned their board positions and are leaving the company. No reason was given for their departure. Stirl has headed the company’s business development and key account management departments since September 2005. He was previously with Deutsche Post where he was responsible for expanding the retail network.
PIN AG, with branches in Berlin, Leipzig, Cologne and Frankfurt, currently delivers more than 600,000 letters daily and generated turnover of €50 million in 2005. It is the largest company within the PIN Group, in which the Axel Springer (“Bildzeitung”), Holtzbrinck (“Handelsblatt”) and WAZ publishing groups hold 25% shares. PIN Group CEO is Günther Thiel, the former Thiel Logistik founder and CEO, who also owns 25% in the group.
The PIN Group, which also owns regional mail firms in Hamburg and eastern Germany, recently expanded in North Rhine Westphalia with the acquisitions of NET-DBS in Düsseldorf and the regional mail firm Annen-Post. The group is targeting turnover of €150 million this year and more than 400 million postal items.
