38. Frank Appel

Frank Appel
Age 59
Occupation CEO & Chairman, Deutsche Post DHL Group
Nationality German
Position Last Year 47

Frank Appel was born in 1961 in Hamburg and completed a masters in chemistry from the University of Munich in 1989 before going on to obtain a PhD in neurobiology in 1993, during which he was involved in spinal cord regeneration research with ETH (the Swiss Federal Institute of Technology). He then sharply changed direction at the age of 32 and started working as a consultant with McKinsey & Co in 1993, becoming a partner in the firm in 1999.

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Having begun his career in scientific research before moving into management consultancy, Appel then took another volte-face in joining Deutsche Post, assuming the position of Managing Director of Corporate Development in 2000. He rose quickly to prominence, becoming a member of the board in 2002, holding a number of positions thereafter. Finally, Frank Appel was appointed CEO in February 2008.

One of the most important developments that Appel has spearheaded has been the expansion of the business into Asia, where he has overseen the investment of more than $2.5bn. In 2013, this region contributed nearly 20 per cent of DHL’s total revenue. Furthermore, projections for the next five years estimate that the Asia-Pacific region will amount to approximately one-third of the group’s total global income.

DHL draws on over 35 years of motorsports experience to ensure that the “race behind the race” runs smoothly at all times. As the global Logistics Partner of Formula 1, DHL manages the complex shipping of up to 2,000 tons of freight to the racetracks including cars, replacement parts, marketing and hospitality equipment. In doing so, DHL provides a multi-modal transport solution, using land, sea and air freight, depending on the race calendar requirements.

In collaboration with Formula 1, DHL aims to create spectacular moments that deliver both on off the track. DHL presents the DHL Fastest Lap Award and the DHL Fastest Pit Stop Award, bespoke prizes which recognize the exceptional performances of both the drivers and their supporting teams. In this new era of the greatest racing spectacle on the planet, DHL is also pioneering new grounds with F1 as the first official partner of the F1 ESports Series.

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