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DB Supervisory Board approves new Management Board structure and earmarks EUR 1 billion for new trains

Dr. Sigrid Nikutta, CEO of BVG, will head the Freight Transport Board Division as of January • EUR 1 billion for additional trains

At Thursday's meeting, the Supervisory Board of Deutsche Bahn AG approved a new Management Board structure and earmarked EUR 1 billion for capital expenditures in additional trains.

Dr. Sigrid Nikutta, CEO of Berliner Verkehrsbetriebe (BVG), Germany's largest public transportation company, will be joining the Management Board of Deutsche Bahn AG. The DB Supervisory Board appointed the 50-year-old at an extraordinary meeting. Dr. Nikutta, who holds a doctorate in psychology, will assume the newly created role of Member of the Management Board responsible for Freight Transport on January 1, 2020. She will also head DB Group's freight transport business, as Chair and CEO of DB Cargo, in Mainz.

Dr. Nikutta worked at DB Cargo from 2001 to 2010. One of her main responsibilities was block train transport, and she also sat on the Management Board of DB Schenker Rail Polska.

"There is a lot of work to do in freight transport if we are to meet the business unit's ambitious goals," said Michael Odenwald, Chairman of the Supervisory Board. "Restructuring the Management Board will give Dr. Nikutta the decision-making flexibility she will need."

Dr. Richard Lutz, Chairman of the Management Board and CEO announced, "We are looking forward to working with Sigrid Nikutta and joining forces to tackle the work ahead of us."

The DB Supervisory Board also gave the green light at the meeting to further expand the long-distance fleet. So far, 137 ICE 4, 23 ECx and 17 KISS trains have already been ordered for the coming years. The Supervisory Board approved the purchase of 30 additional high-speed trains, which will significantly increase the number of seats on the high-speed Cologne-Rhine-Main and Munich-Berlin lines in particular.

According to DB Group's specifications for the manufacturer, the new trains will add at least 11,400 more seats on long-distance trains beginning in December 2022. The DB Supervisory Board's decision is another big step in implementing the Strong Rail strategy, specifically the aim of doubling passenger numbers on long-distance trains.

In addition to this EUR 1 billion capital expenditure, DB Long- Distance is investing EUR 500 million in expanding its ICE maintenance depots.

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