Ad hoc: Deutsche Post World Net CFO John Allan to resign from Board of Management in June 200901/02/2009
Deutsche Post World Net Chief Financial Officer John Allan (60) has decided to retire from full-time work at his own volition after playing a crucial role in successfully solving the two major issues of the past year: the sale of a stake in Deutsche Postbank AG and the exit from the company’s unprofitable DHL U.S. Express domestic business. Following his appointment as Group CFO in 2007 and the extension of his contract in early 2008, Allan decided to make use of a contractual option enabling him to end his current term of office prematurely on June 30, 2009.
The Supervisory Board will name a successor to Allan in due course. John Allan will continue to fully perform his tasks on the Management Board of Deutsche Post World Net until the end of June and serve as a senior advisor to Chief Executive Officer Frank Appel afterwards.