Tag: Italy

UPS names Romaine Seguin as new VP of Operations

Posted by | Dec 18, 2007 | |

Romaine Seguin, a 24-year veteran of and a native of Missouri, has been named the Vice President of Operations for the company’s South Europe District. In her new role, Seguin will be responsible for small package shipments throughout Italy, Spain, Portugal, Greece, Bulgaria, Romania, the Balkans, the Middle East and the entire African continent.

Seguin started her UPS career in the Missouri District in 1983 as a part-time Hub Supervisor. She held a variety of staff and operational assignments in Missouri and was later promoted to Manager.

In 1989, Seguin accepted a five-year assignment to Europe as part of an integration team as UPS expanded its operations there, residing in the UK and France. Since then, she has held a variety of management positions throughout the UPS organization, including promotion to Gulf South District Manager in 2001 and Minnesota District Manager in 2004.

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Post Office Networks Abroad

Posted by | Dec 14, 2007 | |

This information was collected as part of the background for Postcomm’s work on the future role of the UK’s network of Post Office branches. It provides a brief overview of the common issues faced by post office networks abroad and how governments and postal operators have tackled them.
Covers: Austria / Australia / Belgium / Canada / Denmark / Finland / France / Germany / Republic of Ireland / Italy / Japan / Netherlands / Norway / New Zealand / Portugal / Spain / Sweden / Switzerland / UK / USA
P:LibraryPostalPostComm Formal DocumentsPost Office networks abroad Dec03.pdf

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Poste Italiane valued at 14-15 Billion Euros

Posted by | Nov 28, 2007 | |

Italy’s postal service Poste Italiane has been valued by investment banks at between 14 billion to 15 billion euros (USD 20.62- USD 22.09 billion) and is ready for a public offering as soon as the government decides to launch it, its CEO said. State-owned Poste Italiane, one of Italy’s largest non-publicly traded companies, has boosted profitability and revenue in recent years by expanding outside the mail business into more lucrative segments such as financial services. Poste Italiane has been considered among the assets Italy’s centre-left government could sell to lower public debt. Sarmi has previously said he prefers a two-phase listing similar to that of Germany’s Deutsche Post, where the whole group went public first before its banking unit was listed.

An IPO of Poste Italiane could be launched at anytime, but there was little to suggest it was imminent, he said. “Up to now, I do not see at the horizon line anything special that is moving,” he said. “It’s a political issue. In terms of technical aspects, I think we’re ready – profitability, all the functionalities, (reporting) under accounting standards. All that’s needed for becoming public are ready.” A couple of investment banks had valued the company at between 14 billion to 15 billion euros, he said. Prime Minister Romano Prodi’s government is in the midst of trying to privatize national airline Alitalia and has also said it will sell part of ship builder Fincantieri to the public.

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Italy's post office aims to have 2 mln mobile phone clients within 3 years

Posted by | Nov 27, 2007 | |

Poste Italiane SpA, the company that runs Italy’s post offices, aims to have 2 mln clients and 500 mln eur in revenues within three years through its PosteMobile virtual mobile operator, daily La Stampa cited CEO Massimo Sarmi as saying.

PosteMobile, which will rent the telecommunications network from Vodafone, offers its clients a series of services including using their mobile phones to transfer money, check the balance on their checking account or pay bills.

‘The investments are significant but we have some advantages: we don’t have to build a network and for payments we have a platform that handles 10 mln electronic cards,’ Sarmi said, according to the daily.

Sarmi believes his target is ‘reasonable’ despite the saturation of the mobile phone market for these reasons.

According to Poste Italiane, the Italian post office is the first postal group worldwide to join the telephone services sector.

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Poste Italiane ready to privatise banking services next year – chairman

Posted by | Nov 16, 2007 | |

Vittorio Mincato, chairman of the Italian post office Poste Italiane SpA, said the group is ready to list on the stock exchange its banking unit Bancoposta by the end of next year.

‘The decision obviously lies with the government,’ Mincato said in an interview with the weekly Il Mondo.

He added that two obstacles still have to be removed for the listing.

The first one regards an EU investigation in the sale of bonds for the state financial group Cassa Depositi e Prestiti SpA. The other one is the legal separation between the post office and Bancoposta, it said.

The weekly said the IPO could represent 25-30 pct of the banking unit’s capital.

Mincato’s mandate expires next year and he said he would be ‘very happy’ to accept another term.

He added that he does not believe that the Poste Italiane can be privatised until postal services are liberalised in 2010.

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