- 9 December 2016
- Transport / Logistics Services
Frank Appel is to remain at the head of Deutsche Post DHL for five more years after the Supervisory Board of Deutsche Post AG confirmed his reappointment.
Appel has been working at Deutsche Post since 2000. Prior to that he had been working as a consultant at McKinsey & Co in Germany. Appel joined the Management Board of Deutsche Post DHL Group since 2002 and was made CEO in 2008.
During this time the Deutsche Post DHL Group has seen tough market conditions, including the decline of the traditional letters market and the global recession that began in 2008. In 2008 the Group made a consolidated net loss in revenue of €54.5 billion.
With Appel at the helm, Deutsche Post DL turned its fortunes around and in 2015 the consolidated net profit was €1.7bn on revenues of €59.2 billion.
The supply chain and express divisions have shown the strongest growth over that period taking a larger proportion of the group’s revenue and profits.
Announcing, Appel’s reappointment until October 2022, the group said: “He shaped the Group’s Strategy 2015, which has effectively unlocked the company’s revenue and profit potential. With the Group’s new Strategy 2020, Frank Appel and his team are in the process of leveraging the structural megatrend e-commerce across all divisions of the Group to further build on its global market leadership.”
Deutsche Post DHL is now the biggest logistics and mail business in Europe, and a well known brand name across the globe with Appel’s steady hand at the helm.
Subscribe to Newsletter