The Management Board of Deutsche Bahn AG

The Management Board consists of eight members. The CEO and Chairman is Dr. Richard Lutz.

Changes to the Supervisory Board and Management Board

The following changes were made to the Management Board of DB AG in the 2024 financial year:

At its meeting on September 18, 2024, the Supervisory Board reappointed Ms. Evelyn Palla and Dr. Michael Peterson as members of the Management Board of DB AG for the period from July 1, 2025, to June 30, 2030. Ms. Palla will continue to head the Regional Transport Board division, while Dr. Peterson will remain in charge of the Long-Distance Passenger Transport Board division.

Read more

Cooperation between the Management Board and the Supervisory Board

As a German Aktiengesellschaft (joint stock corporation), DB AG is subject to a two-tier management and monitoring structure with a Management Board and a Supervisory Board. These two bodies are strictly separated both in terms of their membership and their competencies. The Management Board manages the company under its own joint responsibility. The Supervisory Board monitors the activities of the Management Board and is responsible for the appointment and dismissal of the members of the Management Board.

In the interests of the best possible company management, we attach great importance to the Management Board and Supervisory Board maintaining a continuous dialog with each other and working together efficiently and in an atmosphere of trust for the benefit of the company. The Management Board attends the meetings of the Supervisory Board to the extent deemed necessary by the Supervisory Board and informs the Supervisory Board regularly, promptly and comprehensively about all matters relevant to the company, in particular planning, business development, risk exposure and risk management as well as the internal control system.

An overview of the members of the Management Board and of the Supervisory Board of DB AG, including the mandates they hold, is included in the Notes to the consolidated finan­cial statements.

Read more

Remuneration report

The remuneration report describes the remuneration system and presents the individual remuneration of the members of the Management Board and Supervisory Board.

Remuneration system of the Management Board

The remuneration system for the Management Board of DB AG aims to provide appropriate remuneration to members of the Management Board in accordance with their duties and areas of responsibility.

The appropriate level of remuneration is reviewed regularly using a comparison process. This review examines the level of Management Board remuneration both in comparison to the external market (horizontal appropriateness) and in comparison to other levels of remuneration within the company (vertical appropriateness). If the review shows a need to adjust the remuneration system or the level of remuneration, the Personnel Committee of the Supervisory Board, which has equal representation of the stakeholders and shareholders involved through the shareholders and employee representatives on the committee, submits corresponding proposals in this regard to the Supervisory Board for approval. A review of the appropriateness of the remuneration of the members of the Management Board was most recent carried out in 2023. The results of the review were taken into account as part of a revised version of the Management Board re­muneration methodology, which will take effect from 2024.

Read more

Compensation for the 2024 financial year: DB AG Management Board

The variable remuneration (STI) for the previous financial year is due at the end of the month in which the company’s Annual General Meeting takes place.

The Act on the Introduction of an Electricity Price Brake (Strompreisbremsegesetz; StromPBG) prohibits the payment of variable remuneration elements to the executive bodies of DB AG for the relief period (the year 2023). Accordingly, the results of the 2021 tranche of the LTI, which expired at the end of 2024, are reduced by the partial result for the 2023 financial year.

For their activities in 2024 the members of the Management Board of DB AG and the Chief Executive Officer and Chairman of the Management Board of DB InfraGO AG receive the following remuneration:

Total remuneration of the Management Board / € thousandFixed remunerationVariable remunerationOther 3)Total 
Short-term 1)Long-term (payout of LTI 2021 to2024) 2) 
incumbent Management Board members of DB AG as of Dec 31, 2024     
Dr. Richard Lutz1,420384322102,136
Dr. Daniela Gerd tom Markotten74620249201,016
Dr. Levin Holle855234147171,252
Berthold Huber940262205191,426
Dr. Sigrid Nikutta855193147171,212
Evelyn Palla7001936898
Dr. Michael Peterson70016914883
Martin Seiler85521920571,287
Total7,0711,8561,07410910,110
For information only     
Incumbent Chief Executive Officer and Chairman of the Management Board of DB InfraGO AG on December 31, 2024 (neither incumbent nor former member of the Management Board of DB AG)     
Dr. Philipp Nagl500932723643

Individual figures are rounded and therefore may not add up.
1) Subject to the resolution of the Supervisory Board.
2) Subject to the resolution of the Supervisory Board. According to StromPBG excluding share for 2023.
3) Monetary benefits accruing from travel discounts and the use of company cars as well as insurance and housing allowances.

In 2024, no member of the Management Board of DB AG received benefits or corresponding commitments from a third party with regard to their activities as a member of the Management Board.

Sustainability indices

Filter report by: