Thereafter, Tobias Meyer, who is currently DHLs CEO of Post & Parcel Germany, will take over as DPDHL Group CEO. Appels contract was set to end on October 31, 2022 but this has now been extended until May 4th, 2023, though he will remain in post until the Deutsche Post DHL Group Annual General Meeting that year. Deutsche Post is a brand of the DHL Group used for its domestic mail services in Germany. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The Group connects people and markets and is an enabler of global trade. [2] The postal division, Deutsche Post, delivers 61 million letters each day in Germany, making it Europe's largest such company. Deutsche Post is Europe's leading postal and parcel service provider. These trends have become all the more relevant in this time of crisis, or are even accelerating rapidly due to the pandemic., A powerful organization: Optimally positioned for the future with Strategy 2025, According to Appel, the pandemic has shown that globalization is not the problem, but the solution. DPDHL Group. This includes, for example, the growing e-commerce market. The global parcel giant Deutsche Post DHL Group has begun the transition to new leadership in its top executive office, announcing today that 13-year veteran Frank Appel will step down in 2023. 13 Dec 2021, 12:54 am Deutsche Post DHL Group has initiated the leadership transition at the top of the company. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. On the same day, he was elected by the Supervisory Board to succeed Ulrich Lehner as its Chairman.[7]. BERLIN, Dec 15 (Reuters) - Deutsche Telekom (DTEGn.DE) said its supervisory board on Wednesday proposed Frank Appel, CEO of Deutsche Post DHL Group (DPWGn.DE), as its new chairman and that Tim Hoettges would remain CEO for another five years. DHL Supply Chain, the contract logistics arm of Deutsche Post DHL Group, has announced management changes in Asia Pacific, with Terry Ryan, current CEO of the division set to retire after more than 40 years with the group. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. He is the ideal choice to continue the very successful path the company has charted. This is why the group uses the name DHL Group. Since the closure of Yellow two weeks ago, the LTL carriers have - as we predicted they would - been raining down rate increases from the sky! Custom scripts and ideas shared by our users. [6], At the shareholders' meeting on April 7, 2022, Appel was elected to the Supervisory Board of Deutsche Telekom AG until 2026. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. - express delivery (28.6%): activity ensured under the Express and Global Mail brands; By the year 2050, Deutsche Post DHL Group aims to achieve zero emissions logistics. As a sustainable provider, Deutsche Post DHL Group has been setting standards in the industry for years, Appel said. "It inspires us to give our best. "Normally people hardly notice the logistics behind the scenes because everything is running smoothly. Deutsche Post Application for Postage-Price Increase Rejected by Regulator Aug. 07: DJ DHL Group fails with application for letter postage increase Aug. 07: DP German Regulator Denies Deutsche Post's Request for Letter Postage Price Hike Aug. 07 DGAP-Adhoc: Deutsche Post AG: Deutsche Post DHL Group initiates leadership transition: Tobias Meyer, CEO P&P Germany, to become Group CEO in May 2023 EQS Group Dec. 8, 2021, 05:14. A truck is seen at a new DHL/Deutsche Post parcel center in Bochum, Germany, November 18, 2019. . It aspires to be the first choice for customers, employees and investors worldwide. Bonn, August 27, 2020: The world's leading logistics company Deutsche Post DHL Group is navigating safely through the crisis and considers itself well prepared for the post-pandemic period. The fight against Corona has made clear the importance of a connected world - whether it's worldwide collaboration in research, or supplying people with the goods they need. 10 things to consider when outfitting your warehouse with a racking system, How to Use Economic Uncertainty to Gain Competitive Ground with Automation. "The strategy focuses on the right issues: globalization, e-commerce, digitalization and sustainability. Join now Join to view profile About I'm the CEO for DHL Express, the world most international company and the world's leading international. DHL Mitarbeiter in Madagaskar pflanzen 1.000 Akazienbume; DHL Group Mitarbeiter engagieren sich in der Flchtlingshilfe; Gute Grnde, Gutes zu tun: Freiwilliges Engagement bei Deutsche Post DHL Group; DHL Express and ITS Services colleagues donated 10 laptops; DHL Supply Chain volunteers offered digital training sessions The term of office of Roland Oetker, Honorary President of DSW Deutsche Schutzvereinigung fr Wertpapierbesitz e.V., who is not available for re-election due to the age limit, will end as planned at the end of today's Annual General Meeting. Accordingly, operating profit for 2020 should reach between EUR 3.5 billion and EUR 3.8 billion. Deutsche Post DHL Group, the world's leading logistics company, delivered profitable growth during the past financial year. The global parcel giant Deutsche Post DHL Group has begun the transition to new leadership in its top executive office, announcing today that 13-year veteran Frank Appel will step down in 2023. In Tobias Meyer, we have a top class manager and great colleague to follow as the next DPDHL Group CEO. EUR 1.4 billion to shareholders a dividend payout ratio of 55 percent of the adjusted net profit for 2019. The world's leading logistics company Deutsche Post DHL Group is navigating safely through the crisis and considers itself well prepared for the post-pandemic period. According to Appel, the pandemic has also accelerated digitalization. According to Appel, the pandemic has also accelerated digitalization. CNBC Interview with Deutsche Post DHL Group CEO, Frank Appel, from the World Economic Forum 2019. Deutsche Post DHL Group would thus remain within the target corridor of 40 to 60 percent, unchanged since 2010. Deutsche Post Application for Postage-Price Increase Rejected by Regulator, DHL Group fails with application for letter postage increase, German Regulator Denies Deutsche Post's Request for Letter Postage Price Hike, Deutsche Post fails with application for letter postage increase, German regulator rejects request for postage stamp price hike, Two measures of corporate health flash red, DHL GROUP : Warburg Research reiterates its Neutral rating, Major global firms warn of slow China sales as post-pandemic surge fades, DHL GROUP : Goldman Sachs reiterates its Neutral rating, DHL GROUP : Deutsche Bank maintains a Buy rating, Sector In preparation for Frank Appel's retirement as Deutsche Post DHL Group CEO in 2023, its Post & Parcel Germany CEO, Tobias Meyer has been named as his successor. Supply Chain: EBIT at Supply Chain came in at around EUR 220 million in Q3 2022, also well above last year's quarter result which stood at EUR 142 million. 1961, Germany EDUCATION Chemistry, Ludwig-Maximilians-Universitaet Doctorate in Neurobiology, ETH EXPERIENCE 1993: In search of new challenges, Appel, aged 32, left his scientific career as a neurobiologist and joined McKinsey & Co as a management consultant Without us, manufacturing would grind to a halt, he said. He has been Member of the Board of Management of Deutsche Post AG since 1 November 2002. Operating profit rose by 18.6 percent to EUR 912 million. Rating from 1M+ reviews. In Tobias Meyer we have a recognized expert of the company taking over as DPDHL Group CEO, Nikolaus von Bomhard, chairman of the Supervisory Board of Deutsche Post AG, said in a release. DHL Group About us FINANCIAL FIGURES Q2 DHL Group stands firm in a weak market environment More information NEWS 08/17/2023, 10:00 AM CEST DHL Global Forwarding records increasing demand for sustainable transport solutions Deutsche Post DHL Group is the world's leading logistic company. The Supervisory Board of Deutsche Post AG has extended Frank Appel's contract as DPDHL Group CEO until May 4, 2023. The Group generated revenues of more than 66 billion Euros in 2020. See here for a complete list of exchanges and delays. Despite the current challenges posed by the pandemic, Appel also warned not to lose sight of sustainabilityand climate change. Copyright 2023 Surperformance. "If you have a compelling idea, the world market is open to you. Appel emphasized that stable dividends are by no means standard in the current environment. Thereafter, Tobias Meyer, will take over as DPDHL Group CEO. That is the highest revenue figure in the Group's history. "We supply people and businesses with important goods. Copied. The Board of Management currently consists of eight members: Chief Executive Officer Global Business Services. Deutsche Post AG, trading as DHL Group, is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. According to Appel, Deutsche Post DHL Group is making a fundamental contribution to overcoming the crisis. Werner Gatzer, State Secretary in the Federal Ministry of Finance, resigned in February of this year in the context of accepting a Supervisory Board mandate at Deutsche Bahn AG. December 8, 2021, 11:22 AM UTC. By transporting medicines, protective equipment and medical equipment around the world, and maintaining trade flows, the Group has kept "the world running". The purpose of the company is to connect people and improve lives. - mail and parcel distribution (17.3%): letters, written press and parcel distribution. Even though the pandemic boom is over, the potential remains high, analyst Alexia Dogani wrote in a research note presented on Monday. In the long term, he said, it was the much bigger problem with existential consequences. The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. The impact of the pandemic would have been considerably more severe without global exchange," he said, referring among other things to the search for a vaccine. Media Contact: Deutsche Post DHL Group - Media Relations - David Stoeppler Phone: +49 228 182-9944 - E-mail: pressestelle@dpdhl.com - On the Internet: dpdhl.com/press - Follow us at: twitter.com/DeutschePostDHL Deutsche Post DHL Group is the world's leading logistic company. After red-hot growth over the last several months, Appel still sees considerable growth potential in e-commerce, which offers growth opportunities to entrepreneurs. You are still able to proceed, but in order to best experience this page, we recommend using Edge, Firefox and Chrome. . It aspires to be the first choice for customers, employees and investors worldwide. Meyer joined the company in 2013 and has held a variety of positions including head of corporate development, chief operations officer at DHL Global Forwarding and head of operations and IT at P&P Germany. By transporting medicines, protective equipment and medical equipment around the world, and maintaining trade flows, the Group has kept the world running. Most businesses unrelated to traditional mail services have transitioned to the DHL brand, which was acquired with the original DHL company. In addition, the DHL board also extended its contract with Oscar de Bok, CEO DHL Supply Chain, foranother five years to September 30, 2027. In his address, Appel talked about the crisis highlighting the importance of logistics - as the backbone of the global economy. Retrieved 7 November 2018. The Group generated revenues of more than 81 billion Euros in 2021. Every Thursday. ^ "Deutsche Post DHL Group sells Williams Lea Tag to Advent International". Only risk what you can afford to lose. Never before have our services been so urgently needed.". The Groups EBIT reached around EUR 2.040 billion in the third quarter 2022 (Q3 2021: EUR 1.771 billion). According to the CEO, the fact that Deutsche Post DHL Group is coming through the crisis so well is due to its robust business model, long-established corporate culture and clear strategic direction. And we are proud to enable it on behalf of our customers. His present appointment is through October 2022. He is the ideal choice to continue the very successful path the company has charted. 08/12/2021. All rights reserved. The second quarter saw Group revenue up by 3.1 percent to EUR 16.0 billion driven in part by the boom in e-commerce. Meyer joined the Group in 2013 and has worked in a variety of roles including Head of Corporate Development, Chief Operations Officer at DHL Global Forwarding, and Head of Operations and IT at Post & Parcel Germany. Von Bomhard also thanked Appel for supporting the leadership transition and praised his term of more than 13 years at the top of DPDHL Group. Appel's predecessor at Deutsche Post, Klaus Zumwinkel, also served as supervisory board chairman of Telekom. Deutsche Post DHL Group is home to two strong brands: DHL offers a comprehensive range of parcel and international express service, freight transport, and supply chain management services, as well as e-commerce logistics solutions. Top website in the world when it comes to all things investing. Neste's SAF is produced from sustainably sourced, 100% renewable waste and residue raw materials. The strategy focuses on the right issues: globalization, e-commerce, digitalization and sustainability. Appel was born in 1961,[16] is married and is the father of two children. Overall network activities in all DHL divisions maintained good utilization levels leading to an improved EBIT. The Group generated revenues of more than 81 billion Euros in 2021. Deutsche Post DHL Group is home to two strong brands: DHL offers a comprehensive range of parcel and international express service, freight transport, and supply chain management services, as well as e-commerce logistics solutions. Frank Appel added, After careful consideration, I have decided not to remain for another full term in office. The crisis shows how robust Deutsche Post DHL Group is," said CEO Frank Appel at the Group's Annual General Meeting, which is held virtually this year due to the Corona pandemic. https://www.businesswire.com/news/home/20221010005355/en/. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The agreement is based on four key points: DHL eCommerce Solutions will manage the road delivery of Poste Italiane parcels to European destinations. DHL is the leading global brand in the logistics industry. Born in 1961, nationality German Board member since November 2002 CEO since February 2008 Appointed until May 2023 Ken Allen eCommerce Solutions Born in 1955, nationality British Board member since . He made the company into a leading global logistics powerhouse that connects people and markets, thereby enabling global trade. Exclusive news, data and analytics for financial market professionals, Microsoft-Activision: Ubisoft in the mix as $69 billion deal restructured, Abu Dhabi wealth fund puts $450 mln more into Australian private credit fund, Microsoft, Activision to sell streaming to secure biggest video gaming deal, Marex more than doubles H1 pretax profit after takeover, Toyota halts production at Czech plant due to parts shortage, Germany's climate efforts not enough to hit 2030 targets, experts say, Indian rupee's fall to near record low fuels more hedging by exporters, Children stranded in chair lift 900 feet above ground in northern Pakistan. Free cash flow in the third quarter 2022 amounted to more than EUR 1.5 billion (Q3 2021: EUR 1.257 billion). Bonn, North Rhine-Westphalia, Germany. Deutsche Post is a brand of the DHL Group used for its domestic mail services in Germany. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 24 August 2017. As a sustainable provider, Deutsche Post DHL Group has been setting standards in the industry for years, Appel said. Retrieved 2 January 2017. "The impact of the pandemic would have been considerably more severe without global exchange," he said, referring among other things to the search for a vaccine. Strategy 2025, presented in fall 2019, has kept the Group on track despite the uncertain environment, said Appel. LONDON (dpa-AFX Broker) - British investment bank Barclays left its rating on DHL Group at "Overweight" with a price target of 55 euros. 13 February 2006. Deutsche Post DHL Group, the worlds leading logistics company, has today released preliminary results for the third quarter of 2022. Hagleitner has been with the company since 2005 and has worked in three of the fivedivisions at Deutsche Post DHL Group. info@apex-insight.com, UK Point of Sale Finance / Buy Now Pay Later Market Insight Report 2023, UK Non-Prime Consumer Credit: Market Insight Report 2023, Top UK Retailers: Delivery Services and Carriers Used: 2022, Royal Mail reports half billion drop in profits, BMW calls for e-fuels in transport energy mix, US Postal Service sets itself up for a fall in peak season, Yodel C2C volumes surge by 132% in last four months. Global Forwarding, Freight: EBIT in Global Forwarding, Freight stood at around EUR 585 million in the third quarter of 2022, once more clearly ahead of previous year's quarter of EUR 372 million. The members of the Board of Management are appointed by the Supervisory Board and are responsible for the management of the company. "We can be proud of how we've risen to the challenge so far. He took up the role of CEO of Post & Parcel Germany in March 2019. Meyerjoined the company in 2013 and has held positions including head of corporate development, chiefoperations officer at DHL Global Forwarding, and head of operations and IT at Post & Parcel Germany. Deutsche Post DHL Group's Chief Executive Officer, Global Business Services is Tobias Meyer. Frank, it's good to. The Group connects people and markets and is an enabler of global trade. "I am certain that we'll see rapid progress," said Appel. . In his address to shareholders, Appel indicated that he was very satisfied with the recently announced financial results for the first half of 2020. Thank you for making the impossible possible. As a show of appreciation, the Group will pay all employees worldwide a one-time bonus of EUR 300 in the third quarter of this year. Head of Global Media Relations & Americas, Thought Leadership, and Communication Strategy. By transporting medicines, protective equipment and medical equipment around the world, and maintaining trade flows, the Group has kept "the world running". "In Frank Appel, we are proposing to the shareholders' meeting a leader who is one of the most experienced managers in Germany," Lehner said in a statement. Von Bomhard added: We thank Frank Appel for his support to assure this seamless transition. As a German stock corporation, Deutsche Post AG has a dual management and supervisory structure. Despite the challenges due to the Corona pandemic, Appel. The Group has recorded a good business development in the third quarter of this year. Tobias Meyer, CEO of Deutsche Post DHL's Post and Parcel (P&P) Germany division, is set to become the group's CEO in May 2023. Our Standards: The Thomson Reuters Trust Principles. The group currently offers the following services under the brand, all within its Mail division: Other services within the Mail division, such as Parcel Germany and Global Mail, use the DHL brand. Operating profit rose by 18.6 percent to EUR 912 million. Appel will stand for election at a shareholders' meeting on April 7 next year to succeed Ulrich Lehner, who is not available for a further term of office for reasons of age. Net sales break down by activity as follows: Eight people, including six school children, were trapped in a malfunctioning chair lift in northern Pakistan on Tuesday, officials said, and a military helicopter has been dispatched to rescue them. Our measures are taking effect and we have achieved a . Spearhead leadership teams to craft maximum impact communications strategies, strategic messaging, and deliver recognized thought leadership to achieve organizational goals. In his address, Appel talked about the crisis highlighting the importance of logistics as the backbone of the global economy. 1999 - Acquisition of Danzas and AEI. Deutsche Post/DHL has announced that they will cease the manufacturing of their StreetScooter electric vans before the end of this year. The Group generated revenues of more than 94 billion euros in 2022. It is too important. "Call of Duty" maker Activision will sell its non-European streaming rights to Ubisoft Entertainment to get the biggest deal yet in video-gaming past British regulators, potential owner Microsoft said on Tuesday. The issuer is solely responsible for the content of this announcement. These days, providers that can offer green logistics have a competitive advantage., With "Strategy 2025", the Group has created a powerful organization, Appel summarized at the Annual General Meeting. Deutsche Post DHL Group begins transition at the top: Tobias Meyer, P&P Germany CEO, to become Group CEO in May 2023 Frank Appel will continue to serve as DPDHL Group CEO until the Annual General Meeting in 2023. We are not resting on our laurels. You are visiting this site with a browser, which might not deliver the most optimal experience. The result is a more modern, sustainable company. His previous contract runs until October 31, 2022. If the proposed dividend is approved by shareholders, the Group would pay out a total of approx. Ralf Schuler and Henrik Jeimke-Karge (7 March 2014), "Press Release DPDHL - Contract for CEO Frank Appel extended for another five years", "Deutsche Post DHL Group extends board member mandate of CEO Frank Appel", Besuch der Kanzlerin: China will Europa nicht aufkaufen, China-Reise: Mit diesen Managern reist Merkel ins Reich der Mitte, Postchef Appel in Adidas-Aufsichtsrat gewhlt, Post-Chef Frank Appel verlsst Adidas-Aufsichtsrat, https://en.wikipedia.org/w/index.php?title=Frank_Appel&oldid=1165132207, Baden-Badener Unternehmer-Gesprche (BBUG), Member of the Board of Trustees, econsense, Member of the Board of Trustees, Federation of German Industries (BDI), Member of the Presidium, Working Group of Protestant Businesses (AEU), Member of the Board of Trustees, This page was last edited on 13 July 2023, at 05:48. Under his leadership, Post & Parcel Germany successfully managed the turnaround. announcing today that 13-year veteran Frank Appel will step down in 2023. reported that all five divisions were profitable and that Deutsche Post DHL Group continued to grow overall. Deutsche Post DHL Group, the world's leading logistics company, announced today that it is changing the name of the company to "DHL Group" on July 1, 2023. The transition will begin when Meyer takes over the Corporate Function Global Business Services fromAppel in July of 2022, and hands over his role as CEO Post & Parcel Germany to Nikola Hagleitner, who is currently Chief SalesOfficer at Post & Parcel Germany. As of 2008, the monopoly for Deutsche Post on these services has expired. Career Appel served . BBC News. Under Appels leadership, the company has posted one record after the next. The crisis shows how robust Deutsche Post DHL Group is, said CEO Frank Appel at the Groups Annual General Meeting, which is held virtually this year due to the Corona pandemic. View source version on businesswire.com: https://www.businesswire.com/news/home/20221010005355/en/, Use of this site indicates acceptance of the. CEO Frank Appel at the Annual General Meeting: "Deutsche Post DHL Group will emerge stronger from the crisis", "Strategy 2025" keeps the Group on track in an uncertain environment, Stable dividend of EUR 1.15 per share proposed, Lawrence A. Rosen and Dr. Jrg Kukies stand for election to Supervisory Board, Barclays leaves DHL Group at 'Overweight' - Target 55 euros, DHL GROUP : Barclays keeps its Buy rating, Dhl Supply Chain Says Change In Its Regional Management As Terry Ryan, CEO DHL Supply Chain Asia Pacific, Retires From DHL Group, Union calls for another warning strike at DHL Hub Leipzig, DHL plans extension and expansion of Berlin postal ship project, Quality problems in the postal industry still cause resentment. Despite the current challenges posed by the pandemic, Appel also warned not to lose sight of sustainability and climate change. Deutsche Post AG specializes in transportation and logistics services. Deutsche Post DHL Group employees support local charitable projects, Deutsche Post DHL Group and ABB to partner on carbon reduction goals, Deutsche Post DHL to formally transfer ownership of former U.S. air hub, CEVA Logistics nearly triples 3PL footprint in India with acquisition, Panama Canal delays threaten Christmas retail restocking as peak season looms, SC Ports says South Carolina outpaces national growth with 12% import container rise in July, U.S. Steel builds generative AI tool to streamline truck maintenance, Without rain, ships are waiting up to three weeks to pass through Panama Canal, Seaports rush to adopt AGVs to tackle global container congestion, Chassis pool to open in October for seaports throughout South Atlantic region, Unraveling the Future: Automated Material Handling Systems Revolutionizing Industries. The term of office of Roland Oetker, Honorary President of DSW Deutsche Schutzvereinigung fr Wertpapierbesitz e.V., who is not available for re-election due to the age limit, will end as planned at the end of today's Annual General Meeting. The agenda of this years shareholders meeting also includes the election of two new Supervisory Board members. No other finance apps are more loved. Deutsche Post DHL Group (DHL) and Poste Italiane S.p.A. (Poste Italiane) ink a strategic partnership in the Italian and international parcel markets. The second quarter saw Group revenue up by 3.1 percent to EUR 16.0 billion - driven in part by the boom in e-commerce. Deutsche Post DHL Group employs approximately 590,000 people in over 220 countries and territories worldwide. Deutsche Post is Europe's leading postal and parcel service provider. Chief Executive Officer 48 May. +44 20 7904 486 525 + + Kindly see our update below ++ As a first step, Meyer will take over responsibility for the Corporate Function Global Business Services from July next year. It is too important. Despite the challenges due to the Corona pandemic, Appel reported that all five divisions were profitable and that Deutsche Post DHL Group continued to grow overall. That's billions of potential customers, said Appel, adding that Deutsche Post DHL Groups global presence in more than 220 countries and territories makes it the ideal partner. For balanced participation in the success of the company, the Board of Management and Supervisory Board proposed a dividend of EUR 1.15 per share for the past financial year, unchanged from the previous year. It is one of the world's largest courier companies. CEO Frank Appel at the Annual General Meeting: "Deutsche Post DHL Group will emerge stronger from the crisis".
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