Deutsche Bahn CEO resigns

After eight years in the role, Dr Rüdiger Grube has resigned as CEO of rail giant Deutsche Bahn. While no reason was given by Deutsche Bahn in an official statement, International Business Times reports that an unnamed source has revealed that Grube’s departure has come as a result of a pay dispute.
The source claims that an offer of a two-year renewal of Grube’s contract was not enough to keep him after he had asked for a three-year contract renewal and a pay increase.
According to a brief statement released by Deutsche Bahn, its supervisory board unanimously approved Grube’s request to terminate his appointment without delay with immediate effect and to terminate his current contract by means of a resolution agreement.
“The Supervisory Board would like to thank Dr Grube for his unusually great commitment to the company in the past eight years,” the statement noted. The board will immediately decide on a successor and, in accordance with the rules of procedure, Dr Richard Lutz will take over the position of Chairman of the Executive Board.
Chairman of the Supervisory Board, Utz-Hellmuth Felcht, said, “Dr Rüdiger Grube has made a lasting contribution, especially with regard to the future of DB. The digitisation of the DB is also linked to its name, as is the quality program ‘Zukunft Bahn’.”