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GER - Change in leadership on the Executive Board of Knorr-Bremse AG

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- Klaus Deller leaves the company after ten years by mutual agreement
- Supervisory Board initiates the search for his successor
- Members of the Executive Board will assume the responsibilities in the interim

Klaus Deller, the Chairman of the Executive Board of Knorr-Bremse AG, will leave the company on April 30 by mutual agreement. The Supervisory Board has already initiated the search for his successor. During the interim, the responsibilities of Mr. Deller will be assumed jointly by the members of the Executive Board: Ralph Heuwing, Dr. Peter Laier, and Dr. Jürgen Wilder.

The Supervisory Board stands fully behind the successful business strategy of Knorr-Bremse AG. Current business trading is fully in line with expectations. Mr. Deller resigned due to different views about leadership and collaboration.

Professor Dr. Klaus Mangold, Chairman of the Supervisory Board of Knorr-Bremse AG, said: “On behalf of all members of the Supervisory Board, I would like to thank Klaus Deller for the very successful work he has done over the past 10 years, in his divisional responsibility as well as since 2015, as CEO. I would like to highlight particularly the company’s successful IPO. With its access to capital markets and its long-range company strategy, Knorr-Bremse is positioned in the best-possible way for the future.“

Source: knorr-bremse.com

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