News / The axe falls at DHL as PeP division is revamped after a poor first quarter

DHL is revamping its Post-ecommerce-Parcel (PeP) division after disappointing first-quarter results.

The first casualty looks to be former head of the division Jürgen Gerdes, who led PeP for a decade before leaving in April to become head of Corporate Incubations.

DHL issued a statement yesterday saying it and Mr Gerdes had come to a mutual agreement on “an an early termination of his board membership… amid diverging views on the future strategic focus of the company”. He leaves with immediate effect.

DHL said the PeP division ...