The Supervisory Board of Deutsche Bahn has appointed the former head of department at the Federal Ministry of Finance Levin Holle as the new Chief Financial Officer. Holle took over his new post on 1 February, the company said.
The 52-year-old lawyer is already on the supervisory board of the federal-owned company. He is responsible for financial market policy in the Ministry of Finance.
The former CFO of the railways, Alexander Doll, is going to the end of the year. The decision was preceded by a week-long power struggle. According to SPIEGEL information, Doll was charged with gross negligence in connection with the planned sale of the foreign subsidiary Arriva.
The manager himself said that the employment had been "amicably ended due to diverging views on the company's further strategic development and leadership."
Five-year contract for Sabine Jeschke
According to the Group, the Supervisory Board also extended Sabine Jeschke's contract until the end of 2025. She is responsible for digitization and technology on the Executive Board. Accordingly, Jeschke will also take over the area of "heavy vehicle maintenance".
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Supervisory board chief Michael Odenwald said he was looking forward to working with Holle, "whose financial expertise we all greatly appreciate." With the renewal of the contract for Jeschke "we pay tribute to their achievements and set a sign of continuity". The board team is thus complete "and can now work full force on the strong rail," it said.
The Supervisory Board also approved the budget planning for 2020. This is reported by the news agency dpa, citing circles of the controlling body. After that, earnings from current business (EBIT) fell from EUR 1.8 to 1.9 billion this year to EUR 1.3 billion. Of this, interest and taxes as well as a dividend for the federal government as railway owner have to be deducted.
