Ad hoc: Deutsche Post World Net appoints new CFO09/14/2007
In its meeting on September 14th, the Supervisory Board of Deutsche Post AG decided on changes to the Executive Management Board:
Effective October 1st, John Allan will assume responsibility as Chief Financial Officer (CFO) of Deutsche Post World Net (DPWN). Allan has been a member of the Executive Management Board since 2006 with responsibility for the Logistics division. In his new role, he will also assume the responsibility for DPWN's new capital markets strategy, which will be presented on November 8th.
Frank Appel will take over Allan's current position as Head of the Logistics division based in Bracknell/London, effective October 1st, in addition to his responsibility for Mail International. He will remain in charge for Global Customer Solutions (GCS), Corporate Regulatory Management as well as for the “First Choice”-program, which is DPWN's quality and customer service improvement initiative. The responsibility for Global Business Services (GBS) he will hand over to John Allan.
Edgar Ernst will step down as CFO on September 30th. The Supervisory Board accepted Ernst's intention to focus on his academic career and expressed its gratefulness for his long-term and successful executive management service on the board of DPWN. In particular, he had significant impact to the change of the state-owned postal office into the leading global player in logistics.