FAQ: Contract Extension of Knorr-Bremse Executive Board Member Nicolas Lange

What is the main announcement in this content?

The Supervisory Board of Knorr-Bremse AG has extended Dr. Nicolas Lange’s contract as an Executive Board member for five years, effective October 2026.

Who is Nicolas Lange and what is his role at Knorr-Bremse?

Dr. Nicolas Lange (57) is a member of the Executive Board of Knorr-Bremse AG with global responsibility for the Rail Vehicle Systems division, having been appointed to this position in October 2023.

When does the contract extension take effect?

The contract extension takes effect as of October 2026 and runs for five years.

Why was Nicolas Lange’s contract extended?

The extension recognizes his strategic vision, technological expertise, strong customer relationships, and his leadership in steering the Rail division toward profitable growth and implementing key measures for lasting success.

How was the contract extension decision made?

The Supervisory Board voted unanimously to renew Dr. Lange’s contract ahead of time, indicating strong collective support for his continued leadership.

What specific contributions has Nicolas Lange made to Knorr-Bremse?

He has been a driving force behind the global rail vehicle systems business, implemented efficiency and performance enhancements through the BOOST strategy program, and led pioneering investments, innovations, and important customer projects.

What is the significance of this contract extension for Knorr-Bremse?

It signals continuity in Executive Board collaboration and reinforces the company’s commitment to maintaining experienced leadership to drive future growth in the Rail Vehicle Systems division amid industry transformation.

Who are the key people quoted in support of this decision?

Dr. Reinhard Ploss, Chairman of the Supervisory Board, and Marc Llistosella, Chief Executive Officer of Knorr-Bremse AG, both expressed strong support for the contract extension.

What is Knorr-Bremse’s business focus and scale?

Knorr-Bremse is the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems, with approximately 32,000 employees and revenues of about EUR 7.9 billion in 2024.

Who should be contacted for media inquiries about this announcement?

Julian Ebert, Spokesperson Rail Mobility at Knorr-Bremse AG, can be contacted at T +49 89 35471497 or E [email protected].