Deutsche Post World Net announced this afternoon that John Allan is replacing Edgar Ernst as CFO,with Frank Appel taking over Allan’s job as head of Logistics.
In a detailed statement, DPWN said that in its meeting on September 14th, the SupervisoryBoard of Deutsche Post AG decided on changes to the Executive Management Board: Effective October1st, John Allan (59) will assume responsibility as Chief Financial Officer (CFO) based in Bonn.
Allan is already a member of the Deutsche Post World Net Executive Management Board andresponsible for Logistics, based in Bracknell/London. In future, he will also take over the GlobalBusiness Services (GBS), the Group’s Shared Services such as IT, Procurement, Real Estate, or LegalServices.
Allan was a successful CEO of UK-companies for eleven years. Until the acquisition of Exel byDeutsche Post World Net in 2005 he was the CEO of Exel plc, which he created by the merger ofseveral companies into the global leader in the supply chain industry. Additionally, he has servedas a member of the Audit Committees of various well-known FTSE-100 companies. His financialexperiences include M&A, Cash Management, Controlling and Accounting as well as FinancialReporting. Allan is well connected and highly respected in the London financial community and iswell known and recognized for steering an organization close to capital markets expectations. Hewill assume the responsibility for Deutsche Post World Net’s new capital markets strategy, whichwill be presented to the market on November 8th.
Frank Appel (46) will take over Allan’s current position as Head of the Logistics division inBracknell, effective October 1st. Appel ran the DHL Logistics business prior to the Exelacquisitionand is currently on the Executive Management Board in charge of Global Business Services (GBS),Mail International and Global Customer Solutions (GCS). While Allan takes over GBS after Appelsuccessfully established these Shared Services functions, the latter will keep his responsibilityas Head of GCS, the unit which manages the relationships with Deutsche Post World Net’s top 100customers.
Appel will also continue to run Mail International, Corporate Regulatory Management as wellas the “First Choice”-program, which is Deutsche Post World Net’s quality and customer serviceimprovement initiative.
Edgar Ernst (55) informed the Supervisory Board that he wishes to step down as CFO onSeptember 30th. He intends to focus on his academic career. Since 2006, Ernst has an honoraryprofessorship at the highly reputed business school WHU in Koblenz-Vallendar. The Supervisory Boardaccepted Ernst’s intention and expressed its gratefulness for his long-term and successfulexecutive management service at the DPWN board.
Ernst was instrumental for positioning the former state-owned postal office to a leadingglobal logistics player. He was also key to the success of the IPOs of Deutsche Post in 2000 andDeutsche Postbank in 2004.
