Railway management search initiated under the leadership of Transport Minister Schnieder
In a significant move, Deutsche Bahn, Germany's state-owned railway company, announced the search for a new CEO and chairperson. The current CEO, Richard Lutz, is stepping down, and his contract was terminated mutually with Supervisory Board Chairman Werner Gatzer.
Lutz will continue to serve in a business capacity until his successor is appointed. The selection process for the new leadership is being led by the Supervisory Board Chairman, who will also initiate the corresponding resolutions for the control body regarding the selection process.
The change at the top of Deutsche Bahn is being driven by Federal Transport Minister Patrick Schneider, who announced a new government strategy to address rail problems, including crumbling infrastructure and high unreliability, on September 22.
Schneider stated that it would be ideal to present the new CEO, or CEOs, with the strategy in September. The new CEO or CEOs of Deutsche Bahn will be presented with the new strategy once appointed.
The restructuring process for Deutsche Bahn is still ongoing, and the selection process for the new CEO and chairperson is a key factor in this process. The Supervisory Board Chairman will prepare the necessary resolutions to facilitate the selection process.
No specific date for the appointment of the new CEO or CEOs has been announced yet. However, the search for a suitable candidate is ongoing, and it has faced challenges. The new CEO of Deutsche Bahn has not yet been announced.
The federal government's new strategy is a crucial step in addressing the challenges faced by Deutsche Bahn. With the search for a new CEO and chairperson underway, the future of Germany's railway system is poised for change.
