Klaus Zumwinkel
Encyclopedia
Klaus Peter Richard Otto Zumwinkel (ˈtsʊmvɪŋkəl, born December 15, 1943) was Chief Executive Officer
and Chairman of Deutsche Post
between 1990 and 2008. Being under suspicion of tax fraud
, he resigned from office on February 15, 2008. He was convicted in January 2009, and given a suspended sentence of two years imprisonment and fined one million euros.
, 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, and returned to the University of Münster, where he qualified as Dr. rer. pol. in 1973.
in 1974, leaving to become CEO of Quelle AG
in 1984 before subsequently joining the management board of Deutsche Post in 1990.
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
and Chairman of Deutsche Post
Deutsche Post
Deutsche Post AG, operating under the trade name Deutsche Post DHL, is the world's largest logistics group. With its headquarters in Bonn, the corporation has 467,088 employees in more than 220 countries and territories worldwide and generated revenue of € 51.48 billion in 2010...
between 1990 and 2008. Being under suspicion of tax fraud
Tax avoidance and tax evasion
Tax noncompliance describes a range of activities that are unfavorable to a state's tax system. These include tax avoidance, which refers to reducing taxes by legal means, and tax evasion which refers to the criminal non-payment of tax liabilities....
, he resigned from office on February 15, 2008. He was convicted in January 2009, and given a suspended sentence of two years imprisonment and fined one million euros.
Early life
Zumwinkel was born in RheinbergRheinberg
Rheinberg is a town in the district of Wesel, in North Rhine-Westphalia, Germany. It is situated on the left bank of the Rhine, approx. north of Moers and south of Wesel....
, 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
University of Münster
The University of Münster is a public university located in the city of Münster, North Rhine-Westphalia in Germany. The WWU is part of the Deutsche Forschungsgemeinschaft, a society of Germany's leading research universities...
. Following graduation in 1969, he attended Wharton Business School of the University of Pennsylvania from 1970. He gained his M.Sc. in 1971, 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 McKinseyMcKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...
in 1974, leaving to become CEO of Quelle AG
Arcandor
Arcandor AG is a holding company located in Essen, Germany that oversees companies operating in the businesses of mail order and internet shopping, department stores and tourism services. It was created in 1999 through the merger of Karstadt Warenhaus AG, which was founded in 1920, and Quelle...
in 1984 before subsequently joining the management board of Deutsche Post in 1990.