Deutsche Post's Electric Van Subsidiary Appoints New Management Members

Date : 10/07/2019 @ 1:26PM
Source : Dow Jones News
Stock : Deutsche Post (PC) (DPSGY)
Quote : 37.51  0.0 (0.00%) @ 12:00AM
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Deutsche Post's Electric Van Subsidiary Appoints New Management Members

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   By Kim Richters 
 

Deutsche Post AG (DPW.XE) said Monday that its electric-van subsidiary StreetScooter GmbH is adding two managers from the automotive industry to its management.

Peter Bardenfleth-Hansen will become chief growth officer of subsidiary and will be responsible for the development of the division's international sales organization, the German logistics company said. He previously served as director for EMEA business development at electric-car maker Tesla Inc., it said.

Ulrich Stuhec will serve as chief technology officer and will also be responsible for the business's expansion in China, Deutsche Post said. Previously, he worked on autonomous vehicles at car maker Ford Motor Co, the logistics company said.

Mr. Stuhec will replace Fabian Schmitt, who will start in a not-yet defined role.

The management additions, which focus on "growth and internationalization," come at a time when the logistics and postal company is speaking to investors about potential strategic investments or a sale of StreetScooter, a company spokesman said.

The company, which Deutsche Post bought in 2014, will make a double-digit million euro loss this year, Chief Executive Frank Appel told German newspaper Frankfurter Allgemeine Sonntagszeitung in an interview over the weekend. The spokesman confirmed the CEO's comments.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

October 07, 2019 09:11 ET (13:11 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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