Deutsche Bahn CEO considers stepping down if privatisation blocked
AFX News: 11.11.07
FRANKFURT - Deutsche Bahn AG chief executive Hartmut Mehdorn is considering stepping down should the planned partial privatisation of the rail operator fall through, magazine Der Spiegel reported without citing sources.
Deutsche Bahn's supervisory board chairman Werner Mueller has already found a potential successor for Mehdorn, the report said, without disclosing further details.
The Social Democrats last month decided they will only approve a rail privatisation, if only shares with non-voting rights are issued, threatening the coalition government efforts for an IPO.