Deutsche Post CEO to be given contract extension, sources say By Reuters

Deutsche Post CEO to be given contract extension, sources say By Reuters

© Reuters. FILE PHOTO: Frank Appel, Chief Executive Officer of German postal and logistics group Deutsche Post DHL, poses for a picture before the company’s annual news conference in Troisdorf near Bonn, Germany March 10, 2020. REUTERS/Wolfgang Rattay/File Photo

DUESSELDORF (Reuters) – Deutsche Post (OTC:) Chief Executive Frank Appel is likely to have his contract extended, two people close to the matter told Reuters, adding that the group’s supervisory board would discuss the matter on Wednesday.

Deutsche Post declined to comment.

Sources told Reuters on Sunday that Appel, whose contract expires in 2022, is also favourite to become the next supervisory board chairman of Deutsche Telekom (OTC:).

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