Deutsche Post World Net appoints new CFO

Effective October 1st, John Allan (59) will assume responsibility as Chief Financial Officer 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.

Edgar Ernst (55) informed the Supervisory Board that he wishes to step down as CFO on September 30th. He intends to focus on his academic career. Since 2006, Ernst has an honorary professorship at the highly reputed business school WHU in Koblenz-Vallendar. The Supervisory Board accepted Ernst’s intention and expressed its gratefulness for his long-term and successful executive management service at the DPWN board. Ernst was instrumental for positioning the former state-owned postal office to a leading global logistics player. He was also key to the success of the IPOs of Deutsche Post in 2000 and Deutsche Postbank in 2004.