UK parcel carrier Yodel appointed Dan Hobden as its chief financial officer.
Hobden, previously the CFO at Shift and a member of the YDLGP consortium, has now joined Yodel. His experience includes a two-year stint at Gett, where he advanced to vice-president of finance and operations, overseeing finance, supply chain, and regulatory affairs in the UK.
His expertise stems from a foundation in accountancy and investment banking, notably with his strategic investment analysis work at Credit Suisse.
Increase in parcel volumes
Yodel manages the delivery of millions of parcels to every UK postcode each week, supported by its extensive network of over 50 sites nationwide.
Yodel serves a diverse range of sectors, including fashion, leisure, health and beauty, as well as home and garden, electronics, gifts, and entertainment. They specialize in handling sensitive items, offering specialized services for products like wine and flowers. Its customer-focused approach includes two-hour delivery windows and real-time updates.
Yodel Direct provides an on-demand parcel-sending service for smaller businesses and marketplace sellers.
In February, the business partnered with sustainable delivery solutions provider Delivery Mates, teaming to expand its service in Glasgow, Scotland. This initiative will bolster the delivery landscape in the city and provide efficient and sustainable solutions for businesses.
Acquisition in parcel carrier space
Mike Hancox, CEO of Yodel, says: “Yodel has experienced a sustained increase in parcel volumes in recent years, with parcel volumes up 3% to 191 million in 2023. Dan joins us as we continue to expand our consumer-to-consumer and Out of Home (OOH) offerings that have been a significant area of growth as more consumers choose pre-loved goods.”
Hobden has been working closely with Yodel in recent months. “I’m excited to be leading a skilled and dedicated team as we look to build on this success. With the support of colleagues and Yodel’s strong position to date. I am very excited about the business’s future prospects, and I look forward to exploring new avenues to build the financial support to ensure the organization’s continued success, says Hobden.
Yodel recently announced it had been acquired by YDLGP Limited (YDLGP). This followed media reports that the company had been scrambling to find a buyer.
UK Parcel delivery market
Express Market Research reports that the United Kingdom Courier, Express, and Parcel market is estimated to grow at a compound annual growth rate of 7% in the next eight years – some good growth.
“Rising demand for fast and convenient delivery options have shifted the focus of courier, express, and parcel service providing companies towards exploring alternative delivery methods and enhancement of last mile logistics, aiding the United Kingdom courier, express, and parcel (CEP) market growth,” reads the report.
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About the author
Sharl is a qualified journalist. He has over 10 years’ experience in the media industry, including positions as an editor of a magazine and Business Editor of a daily newspaper. Sharl also has experience in logistics specifically operations, where he worked with global food aid organisations distributing food into Africa. Sharl enjoys writing business stories and human interest pieces.
