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Supervisory and Management Boards of Deutsche Bahn thank Professor Felcht

Supervisory Board Chairman steps down after record tenure of eight years • German Transport Minister Andreas Scheuer attends annual general meeting for the first time: "I wanted to attend the meeting to stress the importance of DB for my work as Transport Minister."

After eight years as the Chairman of the DB Supervisory Board, Professor Dr. Dr. Utz-Hellmuth Felcht is resigning from the position at the end of March. He chaired his final meeting today. Felcht, a former executive in the chemicals industry, was the longest-serving Supervisory Board Chairman by far in the history of Deutsche Bahn. He was elected to his post on March 24, 2010.

Felcht announced his decision to step down in mid-November 2017. The Supervisory and Management Boards of Deutsche Bahn would like to express their appreciation for his work and dedication over the past eight years. The transformation in DB's corporate culture, and generational change in its management, were two aspects Felcht focused on in particular during his tenure at DB.

"Utz-Hellmuth Felcht is a railway enthusiast, and someone who always took the time to listen to DB employees in challenging times," said DB CEO Dr. Richard Lutz. "On behalf of the entire Management Board, I would like to thank him for the mutual trust he fostered and the targeted approach he took. He has made an outstanding contribution to DB, and we wish him all the best for the future."

"I would like to thank the members of the Supervisory and Management Boards for being so committed to mutual trust and effective collaboration," said Professor Felcht. "I am confident that the Management Board will overcome the enormous challenges faced by the mobility sector, and continue to lead Deutsche Bahn to success. DB is a company whose employees are truly dedicated, and I wish them and the company the very best."

Andreas Scheuer, Germany's new Federal Minister of Transport, personally attended DB's annual general meeting after just one week in office. "I wanted to attend the meeting to stress the importance of DB for my work as Transport Minister," said Scheuer.