The Supervisory Board of Deutsche Post AG in Bonn has appointed Frank Appel aged 46 as chief executive offi cer of Deutsche Post AG, with immediate eff ect. The appointment follows the decision of Klaus Zumwinkel aged 64 to resign from his offi ce as CEO as German authorities widened a probe in tax evasion by hundreds of wealthy Germans suspected of concealing nearly €3.4 billion in assets, in Liechtenstein.
German police raided the homes of wealthy Germans in Mid-February including the home and offi ces of Zumwinkel. Prosecutors claim Zumwinkel evaded €1 million in personal tax by creating a revocable trust for his money in Liechtenstein. The group expressed its thanks to Zumwinkel for the “successful entrepreneurial leadership in the past 18 years and for his outstanding achievements in creating the world’s leading logistics group.”
Meanwhile, Appel, who has a contract until 31 October, 2012 has been a member of the Board of Management since 2002 and is in charge of the corporate division logistics, for Mail International, for regulation management, as well as the crossdivisional responsibility for the group’s 100 largest customers (Global Customer Solutions).