Inc. Angermayer, Brumm & Lange Merchant Banking Group PT Gunung Sewu Kencana Greenberg Traurig LLP Museum of Modern Art Hewlett-Packard Company Deutsche Post DHL Showa Shell Sekiyu K.K. International Center for Education and Human Development (CINDE) International Crisis Group (ICG) Duke University Mahindra

ly phases of transformation. Postal and parcel network businesses are very complex, making restructuring very challenging. - Royal Mail lags behind Deutsche Post DHL by twenty years in terms of re-positioning the business to grow EBIT. ■ Royal Mail's medium- to long-term strategy is not entirely clear. There is