Ad-hoc | 22 September 2006 13:57
Deutsche Post AG: Aligning Management Structure
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Deutsche Post AG: Aligning Management Structure
Global Management Structure of Deutsche Post World Net Aligned
An alignment and strengthening of Deutsche Post World Net’s global
management structure was announced by CEO Dr. Klaus Zumwinkel. All Air-,
Sea- and Road-Cargo forwarding businesses will be grouped within the
Logistics division. The Express division will be lead by one member of the
management board instead of two.
With the integration of Exel into the logistics division progressing well,
now the road cargo business (Freight) with revenues of around 4 billion
Euros will be separated out of the Express division and brought into the
Logistics division as an own subdivision. With a central management of the
European road cargo business the market position of DHL can be strengthened
and further revenue potential can be realised. A triple-digit-million Euro
worth of transport volume can be awarded to the Freight subdivision, which
has so far been purchased by the Logistics division externally.
The new structure will also allow for a better transparency in the capital
market as the margin of the Express division will be better comparable to
competitors’. Also, all businesses with low capital intensity are now
assembled in the Logistics division.
The Express business will from now on be under one unified management; the
hitherto dual structure no longer applies. This will result in a
streamlined management, development and harmonisation of all global Express
products. The Express division will focus even stronger on the growing
international business and the global network with corresponding synergies.
Management responsibility for the completed Logistics division is with
board member John Allan. Dr. Peter Kruse leaves the management board in
best mutual agreement and will assume a new role in the group as a special
representative of the CEO. John Mullen now heads the Express division
globally.
Deutsche Post AG
Charles-de-Gaulle-Straße 20
53113 Bonn
Germany
ISIN: DE0005552004 (DAX)
WKN: 555200
(c)DGAP 22.09.2006
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Language: English
Issuer: Deutsche Post AG
Charles-de-Gaulle-Straße 20
53113 Bonn Deutschland
Phone: +49 (0)228 182 – 63 100
Fax: +49 (0)228 182 – 63 199
E-mail: ir@deutschepost.de
WWW: www.deutschepost.de
ISIN: DE0005552004
WKN: 555200
Indices: DAX
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Hamburg, München, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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