Executive Vice President, Corporate Executives, Deutsche Post World Net

After completing a bank apprenticeship and studying economics and business pedagogy, Joachim Kayser joined Commerzbank AG in Frankfurt am Main in 1980. He has been employed with Deutsche Post World Net, formerly Deutsche Bundespost/Deutsche Post AG, in Bonn since the end of 1991; until December 31, 1995, as Managing Director, he re-developed the training division and built up the human resources development division. Mr. Kayser assumed responsibility for the Corporate Executives, Corporate Organization in 1996. Starting in 2000, his responsibility is for Corporate Executives.