dave allen takes over ceo role at ppx germany

  1. 83 Posts.
    German trade press is reporting that Dave Allen has taken over as MD in the PPX German business, as well as his CEO role for the Group. See below.

    I wonder why the incumbent MD left - his choice, results, failure of previously announced process to sell the business? Surprising no ASX announcement from the Group...

    This is a worrying development, as it means that there are now interim managers in two of the largest European operations (Benelux and Germany) and a new MD in the UK, the former CFO of that country. This does not IMHO augur well for the impending (6 weeks off) full year set of numbers. It will be interesting to see if the company will need to do a pre-announcement of results, to keep the market properly informed.

    Quote from German trade press (worldofprint.de - can be found and translated on google) :


    New Managing Director at german paper
    With immediate effect, Dave Allen, in addition to his duties as CEO of PaperlinX group responsibility as CEO of German paper. Because of this change leaves the company Walter Raes.

    Dave Allen and the current management team of German paper will continue the action to change the current structure to make the company fit for the future as soon as possible.

    Fred Schenker, former CEO of German paper is to support Dave Allen in the implementation of structural change.

    The management of the PaperlinX Group would like to thank Walter Raes for the management of the company in the last two years and the implementation of a new sales structure.

    Neuer Geschäftsführer bei Deutsche Papier
    Mit sofortiger Wirkung übernimmt Dave Allen, zusätzlich zu seiner Aufgabe als CEO der PaperlinX Gruppe, die Verantwortung als Geschäftsführer bei Deutsche Papier. Aufgrund dieser Veränderung verlässt Walter Raes das Unternehmen.

    Dave Allen und das derzeitige Managementteam von Deutsche Papier werden die Maßnahmen zur Veränderung der aktuellen Struktur fortsetzen, um das Unternehmen schnellstmöglich für die Zukunft fit zu machen.

    Fred Schenker, ehemaliger Geschäftsführer von Deutsche Papier, wird Dave Allen bei der Umsetzung der strukturellen Veränderung unterstützen.

    Das Management der PaperlinX Gruppe bedankt sich bei Walter Raes für die Leitung des Unternehmens in den letzten beiden Jahren und die Implementierung einer neuen Vertriebsstruktur.
 
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