German Transport Minister Patrick Schnieder confirmed the dismissal of Deutsche Bahn CEO Dr. Richard Lutz due to ongoing economic and punctuality issues. Lutz, who has been at the helm since 2017, witnessed a steep decline in long-distance train punctuality, which dropped from 78.5% to 62.5%. Deutsche Bahn has faced years of under-investment, increasing ticket prices, and resulting in significant annual losses. The German government is restructuring DB and plans to present a new strategy by September 22, which will include a new chief executive.
Under Dr. Richard Lutz's leadership, Deutsche Bahn's long-distance punctuality fell sharply from 78.5% in 2017 to 62.5% last year, contributing to significant operational losses.
The German government has initiated a restructuring of Deutsche Bahn's management and is focused on modernizing the country's transportation infrastructure amid claims of inefficiency.
Transport Minister Schnieder confirmed Dr. Lutz will serve as caretaker until a successor is appointed, indicating a need for immediate leadership change in response to DB's crises.
Deutsche Bahn, facing ongoing annual losses and a tarnished reputation, has committed to present a new strategy alongside the announcement of a new chief executive.
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