DB Schenker appoints Oliver Seidl as its new chief financial officer

DB Schenker has appointed Oliver Seidl (pictured) as its new chief financial officer, with him due to take up the post “at the earliest possible availability” and incumbent Lutz Freytag set to depart in November.

Mr Seidel, 53,  is currently CFO of Media-Saturn-Holding, and DB Schenker said in a statement that he “brings many years of experience in diverse finance-related management positions”.

From 2010 to 2013, he was chairman of German electronics manufacturer Loewe, while prior to that “he looked after management accounting, strategy and M&A ...