Author: Archive

Changes in management at Deutsche Post World Net

Posted by | May 8, 2007 | |

Dr. Hans-Dieter Petram (64), the member of the Board of Management at Deutsche Post World Net responsible for the Mail division, will resign from his position as intended on June 30, 2007, and enter retirement. Jürgen Gerdes (42), the chairman of Mail Germany Divisional Board, has been appointed a new member of the Board of Management by the Supervisory Board. Beginning on July 1, 2007, he will assume responsibility for the Mail and parcel business in Germany. In the newly structured area of responsibility, Gerdes will focus solely on the challenges of Deutsche Post’s home market, concentrating in particular on liberalization of the Mail market and the increasing substitution of letters with electronic communications. As part of this new structure, Dr. Frank Appel (45), the Board of Management member for Global Business Services with extensive cross-departmental functions, will also assume responsibilities for the areas of Mail International and Mail value-added services. In addition, he will oversee the corporate department regulation management (director: Walter Maschke) that had been part of the responsibilities assigned to the Board of Management chairman.

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China Postal eyed for next big bank IPO

Posted by | May 8, 2007 | |

Investment bankers hunting for the newest big game in China’s financial services market are circling the reborn China Postal Savings Bank, the mainland’s fifth-largest lender by deposits.

China Postal was relaunched as a retail-focused bank in March with 1.6 trillion yuan (USD 208 billion) in deposits. Its predecessor, the postal savings bureau, could not lend and most of those deposits wound up with the central bank.
Armed with a new mandate and a plan to restructure its 36,000-branch network, China Postal has been talking to investment bankers about a 2008 IPO in the range of USD 2-USD 3 billion, sources have said.

Some bankers call that kind of talk premature, saying China Postal is more likely to hire advisers on a further restructuring as a precursor to an IPO, perhaps also bringing on strategic investors.

Bankers agreed that any deal would not happen until 2008, at the earliest.
But the draw of the public market is compelling: CITIC Bank Corp., China’s No.7 lender, raised USD 6 billion in a simultaneous Hong Kong-Shanghai offering last month.

Its domestic A shares are up 75 percent from the 5.80 yuan offer price, while its Hong Kong H shares are up 8 percent.

The disparity in performance prompted one foreign investor to call one of the underwriters and jokingly request that his allocation be made in A shares rather than H shares.

China Postal would also be keen on a simultaneous listing, one source said. Such listings are becoming more popular now that two have been achieved, and Beijing is keen to develop the mainland capital markets.

“When it does happen, it’s going to be huge,” said one banker who has spoken with China Postal management about a deal. “But this is going to be a long gestation period.”

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British Heart Foundation calls pitch

Posted by | May 8, 2007 | |

The British Heart Foundation (BHF) is holding a pitch for its fundraising direct marketing account, currently held by Target Direct Marketing.

The charity is the UK’s tenth largest charity direct mailer, spending GBP 2.7m on the medium in 2006.

The Foundation is currently at the chemistry stage and the client is close to drawing up a shortlist of prospective agencies.

Charlotte Guiver, head of supporter acquisition at the BHF, said: “After a number of years of collaboration with Target Direct Marketing, and with major development underway, the time was right to re-assess our agency needs. We are looking to work with an agency who consistently demonstrates a fresh and innovative approach in engaging new and existing supporters.”

The project is being overseen by consultant Allan Freeman of Freestyle Marketing.

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Frank Appel to replace Klaus Zumwinkel at Deutsche Post in 2008

Posted by | May 8, 2007 | |

Klaus Zumwinkel, CEO of German postal services group Deutsche Post AG, is likely to be replaced by Frank Appel, after Zumwinkel’s contract expires at the end of 2008, German daily Handelsblatt reported on May 8, 2007.

Frank Appel, who is currently responsible for the Global Corporate Services division, will also take over mail services outside Germany, Zumwinkel said at the company’s general shareholders’ meeting. Appel has worked closely together with Deutsche Post’s top management for almost seven years, and is expected to boost further the change in the regulatory and political fields, Zumwinkel added.

A spokesperson of Deutsche Post did not comment on speculations that Appel’s responsibilities would be extended further.

Appel, who used to be in charge of the important logistics division, will engage in political talks about the future of Deutsche Post’s mail services monopoly, which, according to current plans of the German government, has to be revoked at the end of 2007. The Social Democratic Party of Germany (SPD) has raised objections against the planned reform.

Juergen Gerdes, 42, will be in charge of mail services in Germany, Zumwinkel said. The mail communication services division has so far been managed by Hans-Dieter Petram, 64, who will retire as of June 30, 2007.

It remains unclear when Deutsche Post will lose its monopoly over letters weighing up to 50 grams in Germany. Vice Chancellor Franz Muentefering and the Minister of Finance, Peer Steinbrueck, have set as target date January 1, 2008. While debates in the German parliament are still going on, Zumwinkel has again raised demands for liberalisation of EU accords. According to the EU plans, the remaining monopolies in EU member states must be revoked in 2009.

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Austrian Post entering Hungarian Parcel & Logistics market

Posted by | May 8, 2007 | |

Austrian Post acquires 100% of the shares of Road Parcel Logistics Services Kft and Merland Expressz Logistics Services Kft
Already being present in the Huingarian Mail Market, Austrian Post has now created foothold also in the Hungarian Parcel & Logistics business
„feibra Hungary“, a 100% subsidiary of Austrian Post, has been present in the Hungarian Mail and Direct Mailing market already since 2005. By taking over Road Parcel Logistics Services Kft and Merland Expressz Logistics Services Kft, Austrian Post has extended its presence to the Parcel & Logistics business.

The Road Parcel brand was launched in 1997 and offers a country wide network for door-to-door parcel logistics in Hungary. The brand Merland Expressz was introduced in 2002 with a focus on groupage and pallets.

Road Parcel Logistics Services Kft and Merland Expressz Logistics Services Kft will account for a total revenue of 7.5 Mio EUR in 2007 and more than 1 Mio shipments, which positions them as a number two in the Hungarian B2B Parcel & Logistics market.

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Global Shipping & Logistics signs deal with DHL-Danzas and Master Foods

Posted by | May 8, 2007 | |

Global Shipping & Logistics (GSL), a young logistics service provider and subsidiary of Al Shirawi Group, is expecting a significant increase in its business operation following an agreement with DHL-Danzas and Master Foods.

Khalid Al Shirawi, executive director of GSL, said the company would host, manage and provide a specialised support to DHL Danzas, an innovative global freight forwarder and subsidiary of Deutsche Post World Net, the world’s leading provider of IT-supported logistics solutions covering air and ocean shipment. Al Shirawi said GSL would be in charge with the distribution of products by Master Foods, a unit responsible for sales and marketing of chocolate products by Mars Incorporated, in the UAE, other Gulf states and the entire MENA (Middle East and North Africa) region.

GSL has a Dh130 million warehousing and distribution centre at Dubai Investment Park, and installed last year one of the most hi-tech cooling systems that allows customers to monitor their food consignments on the Internet. Its facility also features racking and converters to maximise cold storage space. The complex offers a total of 20,000-tonne capacity for frozen and chilled products, with temperatures ranging from -25C to +4C.

A dozen special chambers offer storage spaces ranging from 12 sea containers to 1,500 pallets of stock. Master Foods sells various chocolate brands, including Snickers, Mars and M&M’s, Abou Siouf, Galaxy and Uncle Ben’s, to some 1.4 billion consumers worldwide. It has regional offices in Dubai, Cairo and Casablanca.

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Call to keep unviable post offices open

Posted by | May 7, 2007 | |

Post offices which are economically unviable should be kept open because of the important social role they play, especially in rural Ireland, a conference was told at the weekend.

Irish Postmasters Union (IPU) general secretary John Kane told the union’s annual conference in Dublin that there was a “very justifiable case” for the provision of payments to post offices, through a public service obligation.
Giving public service obligation status to post offices of a certain size would allow the State to provide funding for them without breaching EU law.
More than 400 sub-post offices have closed since the start of the decade and a review of the remaining network of 1,300 outlets is being carried out by An Post.

“Even the simple opportunity of being able to talk to another human being at the local post office, the local shop or the GAA club may make all the difference as to how a person copes with a crisis in their lives,” Mr Kane said.

“The IPU is calling on the incoming government, irrespective of its political make-up, to agree the principle that a public service obligation payment be put in place in order to ensure the survival of much of the existing post office network.”

Mr Kane said the Government was responsible for 70 per cent of post office business and any incoming government needed to make a “principled decision” to support the network.

He told conference delegates that postmasters needed certainty as to what services they would provide in the future and An Post needed to show “a lot more realism” as to the costs involved in running a post office.

According to the IPU, some of its members are earning as little as euro 8,000 a year.

It says the average yearly income for sub-post office owners is euro 16,000.
The conference at Moran’s Red Cow Hotel in Dublin was also told that the loss of the social welfare contract, worth in excess of euro 50 million annually to An Post, would have serious repercussions for the whole network.

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2008 Royal Mail UK programme unveiled

Posted by | May 7, 2007 | |

Royal Mail have revealed their provisional stamp issue programme for 2008 with a number of interesting subjects set to be featured.

The programme is shown below and is subject to change:

January: James Bond – Centenary of Birth of Ian Fleming
February: Working Dogs – Centenary of first police dogs in UK – Europa issue
February: The Houses of Lancaster and York – Commencing a new series: ‘Kings & Queens’
March: S.O.S Rescue at Sea – Centenary of the adoption of SOS as the signal for distress at sea
March: Celebrating Northern Ireland – Continuing the series The Four Countries of the UK
April: Insects – ‘Action for Species’
May: Cathedrals – 300th anniversary of completion of St Paul’s Cathedral
June: Classic Film – Film anniversaries
July: Airshows – Centenary of first powered flight in UK
August: Olympics – 2008 Beijing Olympics
September: RAF Uniforms – Continuing the series Uniforms of the Military
September: Country Definitives – 50th anniversary
October: Women of Achievement – 150th anniversary of birth of Emmeline Pankhurst
November: Christmas
November: Lest We Forget – 90th anniversary of end of the First World War

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