Transport Minister Schnieder initiates hunt for new railway administration head

Deutsche Bahn, Germany's state-owned railway company, has announced that its current CEO, Richard Lutz, will be stepping down from his position. The search for a new CEO and chairperson is currently underway, with the supervisory board chairman preparing the corresponding resolutions for the supervisory board regarding the new appointment.

The decision to dissolve Lutz's contract was made in agreement with supervisory board chairman Werner Gatzer. Lutz, however, will continue to serve in a business capacity until his successor is appointed.

Meanwhile, Federal Transport Minister Patrick Schneider has initiated the restructuring of Deutsche Bahn, which is ongoing. Schneider announced the presentation of a new government strategy to address issues on the rails, including crumbling infrastructure and high delays, on September 22. He expressed hope that the new board chairperson of Deutsche Bahn could be presented with this strategy in September.

However, the new CEO and chairman of the board of Deutsche Bahn to be appointed by Schneider are not yet publicly named. It is expected that the new CEO will be announced alongside the new strategy on September 22.

The restructuring of Deutsche Bahn, initiated by Schneider, aims to address the challenges the company has been facing. No new information about the current state of the restructuring was mentioned in this paragraph.

Schneider's announcement comes after Deutsche Bahn's announcement that Lutz will continue to serve in a business capacity until a successor is appointed. The supervisory board chairman of Deutsche Bahn will initiate the selection process for a new appointment.

The search for a new CEO and chairperson of Deutsche Bahn has begun, and the government is eager to find a suitable candidate to lead the company through its restructuring and beyond. With the upcoming strategy presentation and the search for a new CEO in full swing, Deutsche Bahn is poised for change.