DPD chief departs with immediate effect after investigation
The chief executive of Smethwick-based parcel delivery giant DPD has left the business with immediate effect.
The departure of Dwain McDonald comes after an internal investigation by the company.
DPD released a statement today which said: “We can confirm that, following an internal investigation, Dwain McDonald has left the company with immediate effect and Yves Delmas, as chief operating officer of DPDgroup Europe, will be taking over as interim chief executive officer until a permanent replacement is found.”
Mr McDonald had been with DPD, which was then called Parceline,since 1988, and became chief executive in 2008. He joined as a 22-year-old sales executive and was paid more than 31 million as chief executive in 2019.
DPD, which also has a major sorting hub site in Oldbury, had turnover of more than £1 billion for its last financial year.
DPD Group UK turnover rose from £972.8 million to £1.02bn for the 12 months to December 29 with pre-tax profits down from £142.4m to £135m.
The delivery firm operates from more than 60 locations across the UK and has more than 13,000 employees. It announced plans in June to create 6,000 new jobs and invest £200m to expand its capacity in response to the boom in online shopping as a result of Covid-19.
Its plans include expansion of its next-day parcel capacity, spending £100m on vehicles, £60m on 15 new regional depots and the remainder on technology.
