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bpost First quarter 2015 results

Domestic parcel volumes up 10.2% (+7% for FY14) supported by excellent growth from e-tailers and good performance in C2C.

Pierre Winand, CFO  and member of the Executive Committee since 2006, decided to leave bpost as from July 1st 2015 to pursue a new challenge outside the company. Françoise Masai, Chairperson of the Board of Directors and Koen Van Gerven, CEO, express their sincere appreciation of Pierre’s great contribution to bpost’s development, and wish him all the best in his next career step.

The Remuneration and Nomination Committee launched the process for his replacement. Starting July, 1st  Koen Van Gerven, CEO, will take up the CFO tasks and responsibilities to guarantee a smooth and flawless transition until the appointment of the new CFO.

CEO quote

Koen Van Gerven, CEO, commented: “I am very pleased with the strong performance in parcels and the excellent results we delivered on our cost savings plans over the first quarter. Both effects allowed us to fully absorb the reduction in compensation received from the Belgian State for SGEI and led to a stable EBITDA for the quarter, despite the sharper decline of the domestic mail volumes. This quarter’s performance has proven once again that our strategy is bearing fruits and that bpost is well prepared to face the headwinds in 2015. This is in line with our outlook for the year and we re-iterate it. Finally I would like to thank Pierre Winand, who has decided to take up a challenge outside bpost. During the nine years he has served at bpost, all of his colleagues and myself have appreciated Pierre’s great professional talents and his dedication to the successful transformation of bpost.”

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Source: bpost

 
   
         
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