I do not write much about LifeConEx on my blog. But, this time is an exception, because we at LifeConEx have achieved something remarkable! LifeConEx’s 50% shares had been acquired by DHL, and now DP DHL (www.dp-dhl.com) owns 100% of LifeConEx’s shares, making LifeConEx a 100% DHL owned subsidiary.
Well, technically, as far as our business model and what we have been shaping in the industry, it is business as usual! LifeConEx will maintain its own entity and neutral brand for highly sensitive and regulated life sciences cold chain market, while we will have exciting joint developments with our DHL colleagues that can benefit broader range of customers. LifeConEx will continue to have the ability to neutrally work with all DHL business units, other forwarders, and logistics providers. This type of neutral positioning after 100% acquisition is nothing new in today’s commerce. Zappos (www.zappos.com) is maintaining its own culture and independence although Amazon owns them 100%. Even within DP DHL, there are many subsidiaries that do work with other logistics providers than just DHL branded entities. We will also maintain unbiased partnerships with airlines, packaging providers, and other technical partners. Why? Because that’s what our clients need and want! Increasing our values to customers is in direct proportion to increasing our values to, now our 100% shareholder, DP DHL.
By the way, I’ve agreed to stay at my position too. Our senior management team is also intact. And to be honest, even if I had decided to leave for whatever reason, I am so confident of our senior management team, Dina Bunn (Head of Operations & IT), Gordon Johnson (Head of Strategic Innovation), Federico Lupp (Head of Sales Europe & Latin America), John Liebe (Head of Sales North America), and Nina Heinz (Head of Quality). We are not perfect, but are well on the way to become Level 5 Leaders. What is Level 5? You can refer to Jim Collin’s book, Good to Great. What excites me the most is the fact that LifeConEx has many cold chain superstars in all disciplines and continues to generate more of them. They are future leaders of our company too!
Now, I think that’s enough for business side of the story. If you want to know more about this transition, you can check out our website, Facebook, Twitter, etc. If you have any question, you can interact with us via the same channels. We will have plenty of frequently asked questions and answers posted.
Personally, I have a mixed feeling – in a positive way. As some of you know, I had been with DHL since 1998 before I was named CEO of this 50/50 joint venture late 2006. I always tried my best to stand for the benefits of our both shareholders equally because that’s what I was entrusted to do. I will miss my intimate interaction with Lufthansa Cargo, although I will still keep in contact with them. My last 5 year journey has been more than I had signed up for. Yes, we had to maneuver through some teeth grinding experiences but celebrated many small and big successes together. Now next few years will be even more rewarding and exciting, because I am fortunate enough to be surrounded by LifeConExers (who are still with us and who moved on)! To be honest, I don’t think I could’ve stayed on this post without them. Also, I was constantly supported by many great people within both parent companies, DHL and Lufthansa, top class global corporations.
So, what’s next? Technically, I will keep doing what I’ve been doing at LifeConEx – growing our people who will grow our business! While I am doing that, I know I will have lots of fun too. With this change, my team and I have great opportunities and challenges ahead of us to be the most wanted temperature controlled solutions provider with a clear mission in our heart which is “Connecting People with Life” through our daily works in ensuring integrity and regulatory compliance of life saving/impacting medicinal product distribution around the world.
~ David, a LifeConExer