Deutsche Post World Net CFO John Allan to resign from Board of Management in June 2009Bonn, 01/02/2009, 10:30 AM CET
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.
Allan joined the company in December 2005, following Deutsche Post World Net's acquisition of Exel plc, where he had been Chief Executive Officer. Before starting his current role in October 2007, he was Management Board Member in charge of the former Corporate Division LOGISTICS comprising DHL Exel Supply Chain, DHL Global Forwarding and DHL Freight. As Member of the Corporate Board of Management Allan is also in charge of Global Business Services.