Advertisement
UK markets closed
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • FTSE 250

    19,393.61
    -57.06 (-0.29%)
     
  • AIM

    744.89
    -0.40 (-0.05%)
     
  • GBP/EUR

    1.1638
    -0.0045 (-0.39%)
     
  • GBP/USD

    1.2404
    -0.0034 (-0.27%)
     
  • Bitcoin GBP

    52,095.42
    +785.44 (+1.53%)
     
  • CMC Crypto 200

    1,385.37
    +72.74 (+5.87%)
     
  • S&P 500

    4,991.89
    -19.23 (-0.38%)
     
  • DOW

    37,947.72
    +172.34 (+0.46%)
     
  • CRUDE OIL

    82.86
    +0.13 (+0.16%)
     
  • GOLD FUTURES

    2,405.70
    +7.70 (+0.32%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     

Deutsche Bahn CFO to step down - source

A rusted logo of Deutsche Bahn AG is pictured on a lorry that waits for demolition at a recycling firm in Leverkusen

FRANKFURT (Reuters) - The chief financial officer of German rail operator Deutsche Bahn, Alexander Doll, is to leave his post, a source familiar with the situation said on Friday.

The move had been agreed by both Doll and the company but needed still to be approved by the supervisory board at an extraordinary meeting on Monday. German news agency dpa first reported the move.

The company was not immediately available to comment.

Doll's position was known to be at risk, sources told Reuters on Thursday, amid disagreements about the sale of its Arriva unit.

Also, the current industry recession has increased pressure on Deutsche Bahn's cargo unit, managed by Doll, and the risk of new impairments for the state-owned company is rising.

ADVERTISEMENT

There have been power struggles between managers, unions and the transport ministry, which exercises ownership rights in the state-owned rail operator, about which course to take.

The ministry has criticised delays and capacity shortages that have limited the company's ability to take advantage of billions of euros the state plans to spend on the railway as part of a climate protection package.

(Reporting by Klaus Lauer, writing by Vera Eckert, edited by Sabine Wollrab and Thomas Escritt)