Wulf von Schimmelmann, Chairman
As part of the Group’s new Strategy 2015, Deutsche Post DHL has set clear goals for itself: to remain Die Post für Deutschland (The Postal Service for Germany) and become The Logistics Company for the World. To achieve these goals, we intend to intensify our focus on customers, employees and investors, and we have set ambitious growth and profitability targets for 2015.
Despite this period of economic crisis, the Group succeeded in shoring up liquidity and stabilising earnings in 2009 thanks to strict cost management.
In addition, we implemented the strategic initiatives decided on in autumn 2008 and exited both the field of financial services and the domestic express business in the US.
In 2009, the Supervisory Board devoted close attention to Strategy 2015. We also held detailed discussions on and monitored the Group’s business performance, particularly with respect to the impact of the economic crisis. Other important topics included the restructuring of the US express business and the insolvency of Arcandor, a major customer in Germany.
All significant decisions were discussed in detail with the Board of Management, which reported to us regularly on the company’s direction and focus, strategic initiatives and all key issues related to planning and implementation. It also informed us in a timely and comprehensive manner about business performance, key business transactions and projects in the divisions as well as the company’s risk exposure and risk management.
The Board of Management also provided the chairman of the Supervisory Board with continuous updates between Supervisory Board meetings. Measures requiring the consent of the Supervisory Board were discussed in even greater depth. Such measures were deliberated in advance in the relevant committees, and the results of the deliberations were presented by the respective committee chairs at the Supervisory Board meetings.