Posten Norden AB
Encyclopedia
PostNord AB is the name of the holding company
of the two merged
postal companies Posten AB and Post Danmark
, that were officially merged 24 June 2009. The name of the group was changed 17 May 2011 from Posten Norden to PostNord. President
and CEO
is Lars Idermark
and chairman is Fritz H. Schur.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
of the two merged
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
postal companies Posten AB and Post Danmark
Post Danmark
Post Danmark A/S is the company responsible for the Danish postal service. Established in 1995 following political liberalization efforts, it has taken over the mail delivery duties of the governmental department Postvæsenet ; it was turned into a public limited company in 2002...
, that were officially merged 24 June 2009. The name of the group was changed 17 May 2011 from Posten Norden to PostNord. President
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
and CEO
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...
is Lars Idermark
Lars Idermark
Lars Nils-Johan Idermark is president and CEO of Posten Norden. Idermark has a Master of Business Administration from Uppsala University, is chairman of the Swedish bank Swedbank, and was previously president and CEO of Kooperativa Förbundet, owner of the Swedish retailer Coop Dagligvaruhandel...
and chairman is Fritz H. Schur.