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6d ago

Germany Forces Early Exit of Deutsche Bahn CEO Richard Lutz

Transport Minister Patrick Schnieder will present a rail reform agenda on September 22 timed to the appointment of a new CEO

Bundesverkehrsminister Patrick Schnieder (r, CDU) und der Vorstandsvorsitzende der Deutschen Bahn, Richard Lutz
Am Ende: Bahnchef Richard Lutz
Image
Die Bundesgeschäftsstelle der Grünen in Berlin

Overview

  • Patrick Schnieder announced on August 14 that Deutsche Bahn CEO Richard Lutz will leave his post early by mutual consent, ending a contract originally set to run until 2027.
  • Under the agreement, Lutz will remain in office until a successor is selected through a public search overseen by the transport ministry.
  • Schnieder plans to unveil an “Agenda for satisfied rail customers” on September 22, coinciding with the hoped-for introduction of the new CEO.
  • The early departure fulfills the coalition’s commitment to revamp Deutsche Bahn’s supervisory and executive boards by adding expertise and streamlining management.
  • Unions and experts warn that addressing chronic funding gaps, a massive maintenance backlog and persistent punctuality shortfalls will require more than a change in leadership.