Type Naamloze vennootschap Industry Distribution Services Post delivery services Founded May 2011 | Traded as Euronext: PNL Predecessor TNT N.V. Headquarters The Hague, Netherlands | |
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Key people Herna Verhagen (CEO)
Jan Bos (CFO)
Michiel Boersma (Chairman of the supervisory board) Stock price PNL (AMS) € 4.43 0.00 (+0.02%)24 Mar, 5:35 PM GMT+1 - Disclaimer CEO Herna Verhagen (24 Apr 2012–) Subsidiaries Postcon, Valid Express B.V. Profiles | ||
PostNL ( [ˈpɔst ɛnˌɛl]) is a mail, parcel and e-commerce corporation with operations in the Netherlands, Germany, Italy, Belgium, and the United Kingdom. It is listed at Euronext Amsterdam. The company was known as TNT N.V. until TNT Express demerged from it in May 2011, and the remainder of the company was renamed PostNL.
Contents
History
The split of TNT N.V. was approved at a general meeting on 25 May 2011, and TNT Express demerged from the company. PostNL N.V. was confirmed as the new name for the remainder of TNT N.V. PostNL retained a 29.9% stake in TNT Express on completion of the breakup. Peter Bakker, chief executive officer of TNT since 2001, stepped down at the end of May 2011 with Harry Koorstra becoming CEO of PostNL. April 2012 Harry Koorstra resigned after conflicts with the supervisory board. Herna Verhagen became the new CEO.
Netherlands
PostNL has been assigned by the Dutch government to carry out the UPD (Universele Postdienst, Dutch for Universal Postal Service). Carrying out the UPD requires, amongst other things, PostNL to deliver mail throughout the Netherlands five days a week (Tuesday through Saturday) and to maintain enough mailboxes in the country. ACM is charged with monitoring and enforcing the execution by PostNL.
Rest of Europe
PostNL operates in Belgium, Luxembourg, Germany, Italy and the United Kingdom. The company continued to use the "TNT Post" name in these countries shortly after the demerger, in agreement with TNT Express that it would rebrand by the end of 2014. In late 2013, its Belgian operations were also rebranded as PostNL. TNT Post Germany was rebranded as Postcon in March 2014, and in May TNT Post Italy was rebranded Nexive, using the same logo style as its parent PostNL. TNT Post UK was rebranded as Whistl in September 2014, and in October 2015 PostNL sold a majority stake in the company to its management in a management buyout.