Dr. Jürgen Wilder (pictured), the CEO of DB Cargo AG, has decided to withdraw his interest in the position of Board Member for DB Freight Transport and Logistics and to resign his post as CEO of DB Cargo AG at the end of October.
“In the light of the current debate [on who might lead the company], I have decided not to further pursue my interest in the position of Group Board Member” said Wilder. “I hope that my decision will put DB Cargo in a better position to focus on the issues, instead of having personnel-related questions continue to overshadow these issues.”
Wilder, 47, joined Deutsche Bahn AG in December 2015. He had previously worked for Siemens AG.
Berthold Huber, the Group Board Member responsible for DB Cargo, also announced that Wilder and DB had reached a very amicable agreement that Wilder would resign his post as CEO of DB Cargo AG at the end of October.
Huber thanked Wilder for his work, saying: “Although I greatly regret the recent developments, I am hopeful that Dr. Wilder’s decision will bring some objectivity back into the debate. We sincerely thank Dr. Wilder for his extraordinary dedication in helping to push our rail freight business forward. The initial success we are seeing in this respect is to his credit.”
It is thought by many industry observers and commentators in the German press that Wilder’s decision to retire is related to his restructuring of the company, the loss of more than 2,000 jobs and some disagreements with the transport unions in the country. This strategy has been changed and the company is now running a recruitment campaign.
As reported on this website, Wilder joined DB in 2015 from Siemens where he was CEO of the company’s global unit for high-speed, intercity and regional trains. The company has not announced a permanent replacement for Wilder but DB Cargo’s spokesperson said to reporters that Matthias Reichel, member of the management board for finance/controlling and chief financial officer of DB Cargo, would temporarily fulfil the role as deputy chairman.