David to stay on as a member of the board in an advisory capacity, with Deutsche Bahn Regio CEO Dr Manfred Rudhart replacing him on January 1, 2016
Deutsche Bahn Regio CEO Dr. Manfred Rudhart is to take over from David Martin as CEO of Arriva.
The longtime CEO of the Deutsche Bahn subsidiary will leave his role at the end of 2015, continuing on as a board member in an advisory capacity. He will be succeeded on January 1, 2016.
Dr Rüdiger Grube, CEO of Deutsche Bahn, said: “David Martin leaves his role after an outstanding life’s work. He has not only made Arriva one of the most successful private transport companies in Europe, but was also instrumental in the successful integration of Arriva into the DB Group.
“The appointment of the DB Regio chief Manfred Rudhart shows that we care about the continuation of this unique success story.”
David Martin, 63, has worked in various management positions at Arriva since 1996 and took over the management of the company in 2006.
Deutsche Bahn said that since its acquisition of Arriva in 2010, its revenue and profits have substantially increased and new transport markets are opened up. More than 55,000 employees in 14 European countries transport 2.2 billion passengers annually on Arriva’s buses and trains.
“The fact that Arriva has developed into a real jewel in the crown of DB Group is largely thanks to David Martin,” said Dr. Richard Lutz, Deutsche Bahn Chief Financial Officer.
“For the further growth phase Arriva has planned in the coming years, Manfred Rudhart is the perfect successor. He has both extensive experience in the transport industry by bus and train as well as through excellent financial know-how.”
Dr. Manfred Rudhart has since 2008 worked for DB Group, first as Chief Financial Officer, and as of May 2013, as CEO of DB Regio AG. He has also been a member of the board of DB Arriva.