Global management structure of Deutsche Post World Net alignedBonn, 09/22/2006, 11:30 AM CEST
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.