Tag: Germany

Deutsche Post World Net AG said it has appointed management board member Frank Appel as its new chief executive with immediate effect.

Appel has been a member of the management board since 2002, and is currently in charge of the group’s international mail and logistics division.

He succeeds Klaus Zumwinkel, who offered to resign on Friday after his private house and offices were raided on a 1 mln eur tax fraud charge.

Deutsche Post said its supervisory board accepted Zumwinkel’s decision and thanked him for his achievements as CEO in the past 18 years.

In addition, chief financial officer John Allan’s contract was extended by two years until the end of 2010.

At its meeting in Bonn today, the Supervisory Board of Deutsche Post AG accepted the decision of Klaus Zumwinkel (64) to resign from his office as Chief Executive Officer of Deutsche Post AG.

The Supervisory Board expresses its thanks to Klaus Zumwinkel for the successful entrepreneurial leadership in the past 18 years and for his outstanding achievements in creating the world’s leading logistics group.

The Supervisory Board unanimously appointed Frank Appel (46) as Chief Executive Officer of Deutsche Post AG, taking effect immediately. His contract runs until October 31, 2012.

Appel has been a member of the Board of Management since 2002 and is in charge of the Corporate Division LOGISTICS, for MAIL International, for regulation management as well as the cross-divisional responsibility for the Group’s 100 largest customers (Global Customer Solutions).

The Supervisory Board also agreed to extend the contract of Chief Financial Officer John Allan (59) by two years until the end of 2010.

The Executive Committee of the Supervisory Board of Deutsche Post AG today has discussed the investigation into private matters of Klaus Zumwinkel.

Klaus Zumwinkel has informed the committee that in the interest of the company he will resign from his offices as Chairman of the Board of Management of Deutsche Post AG and Chairman of the Supervisory Board of Deutsche Postbank AG at the next meeting of the Supervisory Board.

The Executive Committee respects this decision and proposes to the Supervisory Board to accept the decision in the near future.

The Executive Committee expresses its thanks to Klaus Zumwinkel for the successful entrepreneurial leadership in the past 18 years and for his outstanding achievements in creating the world’s leading logistics Group.