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Austrian Post to merge Mail and Branch Network divisions

Austrian Post

Austrian Post has announced plans to merge its Branch Network and Mail divisions to simplifyinternal processes and to strengthen the company’s competitiveness and customer proximity.

Austrian Post’s Supervisory Board has formally approved the implementation of the results comingout of an organisational and structural project. The two divisions are due to be merged by thebeginning of 2012.

The move comes after the company-operated post offices were mostly converted to Post Partneragencies and the successful launch of postal-financial branches in cooperation with Austrian Post’sservice partner Bawag PSK.

Austrian Post sees the merger as a clear signal of its reorganisation ensuring greaterefficiency and at the same time a stronger focus on customer proximity and market requirements.

Peter Michaelis, Chairman of the Supervisory Board, confirmed: “The Supervisory Board ofAustrian Post has decided to press ahead with the merger of Mail / Branch Network divisions in themedium term. Austrian Post is thus reacting to the ongoing changes in the postal market.”

Furthermore, the board’s Presidential Committee has been authorised to seek applications for twomanagement board positions – head of the new Mail / Branch Network Division and Chief FinancialOfficer – that will be become vacant at the beginning and middle of 2012 respectively. PeterUmundum has already been named to succeed Carl-Gerold Mende who resigned as the head of AustrianPost’s parcel division effective April 1, 2011.

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