Deutsche Post World Net appoints new CFO

14 Sep '07

3 min read

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 (59) will assume responsibility as Chief Financial Officer (CFO) based in Bonn, the headquarters of Deutsche Post World Net (DPWN). Allan is already a member of the Deutsche Post World Net Executive Management Board and responsible for Logistics, based in Bracknell/London. In future, he will also take over the Global Business Services (GBS), the Group's Shared Services such as IT, Procurement, Real Estate, or Legal Services.

Allan was a successful CEO of UK-companies for eleven years. Until the acquisition of Exel by Deutsche Post World Net in 2005 he was the CEO of Exel plc, which he created by the merger of several companies into the global leader in the supply chain industry.

Additionally, he has served as a member of the Audit Committees of various well-known FTSE-100 companies. His financial experiences include M&A, Cash Management, Controlling and Accounting as well as Financial Reporting. Allan is well connected and highly respected in the London financial community and is well known and recognized for steering an organization close to capital markets expectations. He will assume the responsibility for Deutsche Post World Net's new capital markets strategy, which will be presented to the market on November 8th.

Frank Appel (46) will take over Allan's current position as Head of the Logistics division in Bracknell, effective October 1st. Appel ran the DHL Logistics business prior to the Exel-acquisition and is currently on the Executive Management Board in charge of Global Business Services (GBS), Mail International and Global Customer Solutions (GCS).

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