InPost appoints new UK CEO

InPost has announced the appointment of Neil Kuschel as UK CEO with immediate effect. It said Kuschel has extensive knowledge and experience in the logistics and technology industries, with a focus on supporting UK eCommerce retailers in their growth journey. After a 20-year career with DHL, Kuschel joined the cross-border e-commerce enabler, Global-e, as European CEO, taking them through a successful Nasdaq IPO. He benefits from considerable expertise in e-commerce retail technology and has a “proven track record” in leadership, business development and capital markets experience. In his new role, Kuschel will work towards driving the InPost strategy and further disrupting the UK out-of-home e-commerce logistics market. The appointment follows recent positive results for InPost as it announces “record-breaking” volumes, revenues and profits for 2023. In the UK, revenues increased by 150% to £87m. Its group adjusted EBITDA was also up 44.5% to £846.3m and parcel volumes increased exponentially, with 17.2 million parcels successfully delivered in Q4 2023, a 196% increase on the previous year. Looking ahead, the group expects to exceed market growth in all geographies, full year expected to be profitable in all our key markets on the adjusted EBITDA level. Additionally, group revenue growth is expected to be above volume growth and group adjusted EBITDA expected to increase in line with revenue. Michael Rouse, CEO InPost International, said: “We are delighted to welcome Neil to the InPost team at a pivotal time in the UK market as we continue to expand our reach and drive locker volumes. “His extensive experience and in-depth knowledge of the industry will prove invaluable as we build on our achievements and continue to accelerate our growth strategy in the UK. I am confident that under Neil’s leadership, InPost is best placed to continue disrupting the UK out-of-home e-commerce logistics market and I look forward to working with him closely.” Kuschel added: "I am thrilled to be joining InPost as UK CEO during such a pivotal time for the business. 2023 was a year of record-breaking growth for the company. “Our innovative approach to lockers aligns perfectly with the evolving preferences of consumers for convenient, fast, affordable and sustainable collection and delivery options. By leveraging technology and strategic partnerships, we aim to revolutionise the way parcels are delivered and received.”