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Frank Appel Net Worth

Frank Appel net worth

Frank Appel net worth: Frank Appel is a German business executive who is currently serving as the CEO of  Deutsche Post (DHL). Keep reading to find more information about him here.

Early Life

Appel was born in 1961 in Hamburg, Germany. He holds  MSc in chemistry at, University of Munich, Munich, Germany, and a Ph.D. in neurobiology at the Swiss Federal Institute of Technology (ETH), Zurich, Switzerland.

Career

Appel served as Chairman of the supervisory board of Deutsche Postbank AG, but effective December 31, 2010, he resigned his position on the Supervisory Board.

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Appel served as Head of Logistics, Mail International division of Deutsche Post AG since 2007. In this position, he was responsible for Global Business Services including Legal Services Insurance and Risk Management, Corporate Procurement, Information Technology, Corporate Real Estate, Finance Operations, DPWN Business Consulting and Global Customer Solutions at DHL.

He served as Head of Global Business services and Head of Corporate services of Deutsche Post AG and served as its Managing Director of Corporate Development since 2000.

Prior to his start at Deutsche Post AG, Appel served as Consultant and Project Manager at McKinsey & Co., Frankfurt am Main, Germany since 1993 and as Partner of Member of German Business Management, McKinsey & Co. since 1999.

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In his capacity as CEO, Appel has accompanied Chancellor Angela Merkel on various state visits abroad, including to China in 2012 and in 2014

Frank Appel Net Worth

Frank Appel net worth: It is reported that Appel takes over €6.4m as compensation annually as CEO of DHL.

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Deutsche Post AG engages in the provision of mail and logistics services. It operates through the following business segments: Post-eCommerce-Parcel (PeP), Express, Global Forwarding, Freight, Supply Chain, and Corporate Center or Other.

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The PeP segment handles both domestic and international mail and is a specialist in dialogue marketing, nationwide press distribution services, and all the electronic services associated with mail delivery. The Express segment offers courier and express services to business customers.

DHL currently has a market capital of $72.1B and employs about 571,974 people worldwide.

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