DHL 2008 Annual Report Download - page 4
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Milestones 2008
CHANGES TO GROUP BOARD OF MANAGEMENT
FEBRUARY/MARCH +++ Dr Frank Appel is appointed as new chairman of the Board of Management.
The LOGISTICS Division is dissolved and split between two board departments. Bruce Edwards becomes
the new Board member in charge of the SUPP LY CHA IN / CIS Division and Hermann Ude the new Board
member in charge of the GLOBAL FORWARDING / FREIGHT Division. +++
SALE OF REAL ESTATE PORTFOLIO
APRIL +++ The Group sells a portfolio of approximately 1,300 properties located mainly in Germany
to US investor Lone Star for € 1 billion in cash. +++
GROUP SETS CLIMATE PROTECTION TARGET
APRIL +++ Deutsche Post World Net – the largest player in its industry – sets itself a measurable
climate protection target. For every letter posted, every container shipped and every square metre of
space used, the Group aims to reduce its carbon footprint by 30 % below 2007 levels by 2020. +++
WAGE AGREEMENT REACHED
APRIL +++ During their collective-bargaining negotiations, Deutsche Post AG and the service trade
union Verdi agree on an extended job security pact, a pay increase for staff covered by the collective-
bargaining agreement and additional weekly working hours for about 130,000 company employees.
The collective agreement will end on 30 June 2010. +++
DIVIDEND DISTRIBUTED
MAY +++ A dividend per share of € 0.9 0 for financial year 2007 is distributed. The total dividend
amounts to € 1,087 million. +++
DHL OPENS EUROPEAN AIR FREIGHT HUB
MAY +++ European air freight hub at Leipzig / Halle Airport launches operations. The Group invested
around € 30 0 million in the facility where approximately 1,500 tonnes of freight are transhipped each
working day. +++
EUROPEAN COURT AWARDS DEUTSCHE POST REPAYMENT
JULY / AUGUST +++ The European Court of First Instance annuls a decision by the European Commission,
which had ordered Deutsche Post to repay purported state aid. As a result, the German government
repaid the sum of € 1,06 7 million to Deutsche Post. +++
STEPS INITIATED TO SELL POSTBANK
SEPTEMBER +++ Deutsche Post agreed to sell a minority stake in Postbank to Deutsche Bank.
The sale of the fi rst tranche of the shareholding will be completed in the fi rst quarter of 2009. +++
RESTRUCTURING OF THE US EXPRESS BUSINESS
NOVEMBER +++ Deutsche Post World Net announces that it will exit the domestic express business
in the USA by the beginning of 2009. The international express offering in the United States will be
maintained. +++