Klaus Zumwinkel Explained

Klaus Zumwinkel
Birth Date:15 December 1943
Birth Place:Rheinberg, Northrhine-Westphalia, Germany
Occupation:Retired
Education:University of Münster
Wharton Business School[1]
Successor:Frank Appel

Klaus-Gerhard Maximilian Zumwinkel (pronounced as /de/, born December 15, 1943) was Chief Executive Officer (CEO) and Chairman of Deutsche Post between 1990 and 2008. Being under suspicion of tax fraud, he resigned from office on February 15, 2008.[2] He was convicted in January 2009, and given a suspended sentence of two years imprisonment and fined one million euros.[3] [4]

Early life

Zumwinkel was born in Rheinberg, Kreis Moers, Rheinprovinz, which is now in Kreis Wesel, Nordrhein-Westfalen. He attended Gymnasium Adolfinum in Moers and studied business at the University of Münster. Following graduation in 1969, he attended Wharton Business School of the University of Pennsylvania from 1970. He gained his M.Sc. in 1971,[1] and returned to the University of Münster, where he qualified as Dr. rer. pol. in 1973.

Career

Zumwinkel began his career as a consultant with McKinsey in 1974, leaving to become CEO of Quelle in 1984 before subsequently joining the management board of Deutsche Post in 1990.[5]

From 2001 to 2004, Zumwinkel has been a member of the Board of Trustees of the Bertelsmann Stiftung.[6]

See also

Notes and References

  1. Web site: Wharton Alumni Magazine: 125 Influential People and Ideas: Klaus Zumwinkel . 2008-02-24 . https://web.archive.org/web/20080205045831/http://www.wharton.upenn.edu/alum_mag/issues/125anniversaryissue/zumwinkel.html . 2008-02-05 . dead .
  2. News: Christine. Buckley. Johnston. Chris. Deutsche Post Chief Executive Klaus Zumwinkel Quits Amid Tax Evasion Inquiry. The Times. 16 February 2008. 24 February 2008.
  3. Web site: Inverardi. Matthias. German Business Luminary Avoids Jail for Tax Fraud. Welt Online. Axel Springer. 26 January 2009. 1 February 2010.
  4. Web site: Ex-CEO of Deutsche Post Avoids Jail in Tax Evasion Case. Spiegel Online International. 25 January 2009. 1 February 2010.
  5. Web site: Klaus Zumwinkel: Executive Profile & Biography. Bloomberg. 25 May 2020.
  6. Web site: Chronicle. Bertelsmann Stiftung. 25 May 2020.