Tag: International

Statement of the Supervisory Board of Deutsche Post AG

Posted by | Feb 18, 2008 | |

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.

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DHL’s 'Airport to Door Express' in Sri Lanka

Posted by | Feb 17, 2008 | |

DHL announced the launch of Airport to Door Express in Sri Lanka, a service which combines the ease-of-use and speed advantage of DHL’s industry-leading service with the transportation requirements of importers under traditional shipping terms.
This new DHL service, which has been traditionally offered by freight forwarders only up till now, will bring added value to this industry segment and will be available in 13 countries covering over 50 key receiving centres in Asia Pacific, the company said.
“DHL aims to reach out to businesses that have the need to use traditional freight forwarding services, but who seek to reduce the complexities and inconveniences of international shipping processes,” said Martin Dudek, Country Manager, DHL Express Sri Lanka.
With the Airport to Door Express service, DHL aims to tap into an industry segment that is estimated to account for 50 pct of the total cross-border airfreight market in Asia Pacific.
Customers who pay for their freight costs within a non-integrated transport chain will enjoy the simplicity and control of one point of contact, one fixed price and one invoice for all their import requirements, aligned to their preferred Incoterms. They will also benefit from market-leading transit times of only one to two days for intra-Asia shipments, DHL’s expert customs clearance and 24-hour tracking services.

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Deutsche Post chief to quit amid tax-dodge probe

Posted by | Feb 15, 2008 | |

Klaus Zumwinkel will resign as chief executive of German mail and logistics group Deutsche Post, the company said on Friday, as a tax-dodging probe threatened to ensnare more rich Germans.

The 64-year-old, a pillar of Germany’s corporate establishment who has led Deutsche Post for 18 years, came under pressure to go after prosecutors said they suspected him of dodging about 1 million euros (USD 1.5 million) in taxes by transferring money to tax haven Liechtenstein.

“In the interest of the company he will resign” on Monday, Deutsche Post said in a brief statement on its Web site. “The executive committee respects this decision and proposes to the supervisory board to accept.”

Finance Minister Peer Steinbrueck told reporters Zumwinkel had admitted evading taxes. A spokesman for his ministry told a news conference that any others who thought they could be implicated in the probe should consider turning themselves in.

German Chancellor Angela Merkel said his departure from Deutsche Post was unavoidable, while Steinbrueck said the probe had caused considerable “moral damage”. The state is Deutsche Post’s biggest shareholder with a 31 percent stake.
Zumwinkel could not be reached by Reuters for comment.

However, commenting on his plans to resign as Deutsche Post chief, he told newspaper Bild: “I wanted to usher in a new era, but with a different changeover than has happened now.”

Zumwinkel said he would work closely with the authorities, telling Bild: “I will take an
active role in clarifying the questions about my private finances.”
Hundreds more rich and prominent Germans faced a visit from police as part of the sweeping probe into offshore accounts.

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Deutsche Post: Statement of the Executive Committee of the Supervisory Board

Posted by | Feb 15, 2008 | |

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.

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Strengthened Posten grows with improved profitability

Posted by | Feb 15, 2008 | |

Posten has continued to deliver strong financial results throughout 2007. Operating
earnings improved by 38 pct to total almost SEK 2 billion. These are the best earnings
from the core business in Posten’s 371-year history. At the same time, sales increased by
7 pct, totaling approximately SEK 30 billion. This shows that we have succeeded, already
during the first year of our new operational structure, in carrying out our focused
efforts to reduce costs and increase income by clearer specialization and increased
customer focus.
1 USD = 6.30871 SEK
The strong 10 pct growth of Posten Logistics is solid proof that we have been successful
in standing up to increasingly tough competition to strengthen our position on the
market. With additional acquisitions in Finland and the establishment of the distribution
network MyPack in Norway, Posten Logistics has created the conditions for a more
unified logistics concept on the Finnish market and broadened its offer for distance
trading, and has increased its total capacity on the growing Nordic logistics market.

By successfully integrating Posten’s printing operations and winning important
deals, Stralfors has grown by a full 31 pct within information logistics. At the same
time, Stralfors has both streamlined the business with divestments of non-core businesses, and has created new growth opportunities, especially for Graphic Solutions
aimed toward the pharmaceutical industry.

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