Deutsche Post

CEO Frank Appel is expected to become the next supervisory board chairman of Deutsche Telekom, and would be proposed for election at Deutsche Telekom’s next annual meeting on April 7, according to the German newspaper Handelsblatt.

Looking ahead… Deutsche Post’s supervisory board is due to meet on Wednesday and Deutsche Telekom’s board will meet a week later to discuss the matter, Reuters reported.

Behind the scenes: Appel’s predecessor at the German logistics company, Klaus Zumwinkel, also served as supervisory board chairman of Telekom. The German government holds stakes in both companies.

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