sqwkvfr
Baseball junkie
- Joined
- Dec 20, 2003
- Posts
- 1,673
Deutsche Post AG (DPW GY): Chief Executive Officer Frank Appel plans to replace John Mullen, head of the DHL Express delivery unit, the Financial Times Deutschland reported, without citing anyone.
Mullen will be replaced as part of a leadership reshuffle that includes Chief Financial Officer John Allan, who Deutsche Post has said will leave June 30, the newspaper said in excerpt. Hermann Ude, a confidant of Appel and head of Deutsche Post’s freight unit, is expected to succeed Mullen. Deutsche Post stock fell 25 cents, or 2.1 percent, to 11.66 euros.
http://www.bloomberg.com/apps/news?pid=20601100&sid=asgBVmpk3g8U&refer=germany
Any bets that this move is a prelude to a sale? My mom (just bailed from mgmt at DHL USA) thinks that this is the first step.