Remund Leaves DHL Global Forwarding
Departure of U.S. chief extends changes at top of world’s largest freight forwarding, supply chain provider.
Christoph Remund stepped down as chief executive of DHL Global Forwarding U.S.A., the company announced yesterday, extending a management change at the top of the Deutsche Post AG division that began this spring.
Mathieu Floreani, chief executive for the Americas at DHL Global Forwarding, will take over the U.S. position on an interim basis, the company said.
The move is the latest in a shake-up at the freight forwarding operation that began after Germany-based Deutsche Post announced poor results at the division and said DHL Global Forwarding had been weighed down by a “transformation program” that is still under way.
Reporting January to March 2015
In the first quarter of 2015, Deutsche Post DHL Group increased revenues in all divisions. Positive currency effects were also responsible for the improvement.
The German parcel business in the Post - eCommerce - Parcel division and the international business in the Express division continued to generate dynamic growth.
As expected, earnings were adversely impacted by transformation costs incurred in the Global Forwarding, Freight division and restructuring costs in the Supply Chain division.
Although the industrial freight services division does not have the high public profile of Deutsche Post’s DHL express operations, it accounts for about a quarter of Deutsche Post’s overall revenue.
In combination with Deutsche Post’s supply chain division, it is listed generally by industry analysts as the world’s largest provider of logistics, supply chain and freight forwarding services.
The division took in €14.9 million ($16.8 billion) in revenue in 2014, 0.9% better than the year before, but operating profit fell 39% to €293 ($330 million).
The CEO for DHL Global Forwarding, Roger Crook, resigned in April for what the company said were personal reasons.
Deutsche Post CEO Frank Appel brought in Renato Chiavi, a former head of the business, as interim chief executive.
Related: Talent Drought Threatening Today’s Supply Chains
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