* Shares a name with spiritual adviser-to-the-stars Deepak Chopra, and has occasionally found his hotel rooms upgraded because of the confusion.
* Fellow of the Institute of Certified General Accountants of Canada and has a bachelor’s and a master’s degree in business management from the University of Delhi.
* Spent most of his professional life at Pitney Bowes, where he rose to the rank of chief executive officer of Pitney Bowes Canada and Latin America. He also served as president of the mailing and communications technology company’s Asia Pacific and Middle East regions.
* Appointed to a five-year term as president and chief executive officer of Canada Post in February, 2011.
* Has been active with the Toronto Board of Trade, where he helped with proposals to reduce gridlock in the city.
* Worked with associations focused on creating business opportunities for aboriginal entrepreneurs.
* Served on the board of the Duke of Edinburgh Awards.
* Currently serves on the board of the Conference Board of Canada chairs the board of the Canada Post Foundation for Mental Health.
POST OFFICE WOES
Canada Post isn’t the only postal service struggling to remain relevant in a digital world.
Postal services in both the Britain and the United States face challenges that are far steeper than those faced by Canada Post chief executive officer Deepak Chopra. His biggest challenges (aside from declining mail volumes) come from labour costs and a pension deficit that hit $4.7-billion last year. His quarterly losses have been in the tens of millions, not billions.
Meanwhile, the United States Postal Service is expected to lose as much as $21-billion (U.S.) by 2016 despite massive cost-cutting. The British hired former Canada Post chief executive officer Moya Greene to privatize the Royal Mail and take the risk out of taxpayer hands.
Britons are just starting to understand what a private post office means – stamps have increased 30 per cent this week to 60 pence (95 cents Canadian).
The Royal Mail has lost about $1.5-billion in the last four years as volumes have fallen 25 per cent. That isn’t expected to get better any time soon – analysts expect mail volume to drop by 5 per cent a year for the foreseeable future.
“We know how hard it is for households and businesses when our economy is as tough as it is now. No-one likes to raise prices in the current economic climate. But, regretfully, we have no option,” Ms. Greene said as she announced the price hike.Report Typo/Error
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