DHL has appointed Malcom Monteiro as senior vice-president and area director for the South Asia region,. Mr. Monteiro has also been appointed to the board of DHL Express’ Asia-Pacific management board and will additionally oversee the operations of Blue Dart Express and Blue Dart Aviation. Mr Monteiro had previously served as the managing director of Blue Dart Express, in which DHL Express holds an 81% stake.
Says Scott Price, CEO-Asia Pacific, DHL Express, “India is one of the fastest growing markets for DHL express in the Asia Pacific region and we have aggressive expansion plans for sustaining that growth.” Though Mr Price refused to share the specific growth figures for the region, he added that in the first nine months of 2006, the Asia-Pacific region has been growing in almost double digit figures. With the express industry in India projected to grow at a rate of around 17 %, DHL claims that this restructuring will strengthen its market position, and will make India one of its five largest markets.