Neopost Limited

Neopost Limited

March 29, 2011 05:01 ET

Neopost Appoints New Managing Director

LONDON, UNITED KINGDOM--(Marketwire - March 29, 2011) - Neopost, the leading European supplier of franking machines, folder inserters and other mailing and document management solutions, has appointed Mike Stone as the Managing Director of their UK operations.

Mike has extensive senior management and international experience in the postal and logistics industries. This included 21 years with DHL where he held senior country, regional and global management roles, and most recently as the Group Chief Operating Officer for DX, the UK's leading independent business to business mail service.

Mike says of his new role: 'I am delighted to have joined such a successful company as Neopost at a time when the postal industry faces so many interesting challenges, and as a result, opportunities. I strongly believe that mail will continue to play an important role in the British economy and that Neopost will continue to grow and prosper as a key player within the postal industry.'

Neopost are investing heavily in product development and in their sales, marketing and support services to address the evolving needs of different client types, from small businesses through to the specialist requirements of mailing houses and other high volume mail producers and carriers.

Mike explains his vision for Neopost: 'My main objective this year is to maintain our momentum through the uncertainties and changes to the market resulting from the continued volatility of the economy and the process leading up to the privatisation of Royal Mail. Medium to longer term, I will be defining the strategic direction for Neopost in the UK, leveraging the inherent strength of our business model as a platform to develop into new market segments and areas. We are already implementing initiatives in our core business areas that are delivering positive results and I am determined to bring to bear my previous experiences in the postal, express and logistics industries to complement the strong management team currently in place and lead Neopost to our next phase of growth.'

www.neopost.co.uk

About Neopost

Neopost is the UK's and Europe's number one supplier of mailing solutions. It has a direct presence in 18 countries, with 5,500 employees and annual sales of €913 million in 2009. Its products and services are sold in more than 90 countries, and the Group has become a key player in the markets for mailroom equipment and logistics solutions. Neopost supplies the most technologically advanced solutions for franking, folding/inserting and addressing as well as logistics management and traceability. Neopost also offers a full range of services, including consultancy, maintenance and financing solutions.

Neopost is listed in the A compartment of Euronext Paris.

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