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Sudden departure of DB Schenker CEO

ThomasLieb DBSchenkerPRESS RELEASE

March 12, 2015: Dr. Thomas Lieb, 56, Chairman of Management Board of Schenker AG, will leave the company effective March 31, 2015 and will take on new responsibilities outside Deutsche Bahn Group.

He will resign from his position as Head of Business Unit DB Schenker Logistics and as Chairman of Management Board of Schenker AG immediately. Dr. Lieb and DB group decided this by best mutual agreement.

The DB group would like to thank Dr. Lieb very much for his outstanding support and dedication over the years and wish him all the best for his professional and personal future. "He achieved a lot for DB Schenker. Under his leadership the Business Unit DB Schenker Logistics enlarged its global network of today 2000 locations in more than 140 countries and became a leading provider of global transportation and logistics solutions as well in future markets", said Dr. Karl-Friedrich Rausch, Member of the Management Board of DB Mobility Logistics AG responsible for Transportation and Logistics.

Until a decision about Dr. Liebs succession is made, Dr. Lutz Freytag, member of the Management Board of Schenker AG for Finance/Controlling, will take over the position as Chairman of Management Board of Schenker AG on an interim basis.

As soon as a decision about Dr. Liebs succession is made, the general public will be informed separately.

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