Knorr-Bremse Extends Executive Board Member Nicolas Lange's Contract for Five Years

The Supervisory Board of Knorr-Bremse AG has unanimously voted to extend the contract of Dr. Nicolas Lange for his role as a member of the Executive Board for an additional five years beginning October 2026. Dr. Lange, who holds global responsibility for the Rail Vehicle Systems division, was originally appointed to the Executive Board in October 2023.

Dr. Reinhard Ploss, Chairman of the Supervisory Board of Knorr-Bremse AG, emphasized Lange's significant contributions to the company's rail vehicle systems business. He noted that Lange has demonstrated strategic vision and technological expertise while building strong customer relationships. Amid global challenges and the ongoing transformation of the transport industry, Lange has established a clear direction for the Rail division's future growth. The Supervisory Board looks forward to continuing their collaboration and benefiting from his extensive international experience in the industry.

Marc Llistosella, Chief Executive Officer of Knorr-Bremse AG, characterized the contract renewal as a powerful statement about maintaining the effective collaboration among Executive Board members. Under Lange's leadership, the Rail Vehicle Systems division has made substantial contributions to the company's successful development. These include efficiency and performance improvements through the BOOST strategy program, along with pioneering investments, innovations, and significant customer projects. Llistosella expressed his anticipation for continued partnership with Lange in driving the company forward.

Dr. Nicolas Lange expressed gratitude for the Supervisory Board's trust and confidence. He highlighted that over the past two years, the Rail division has implemented crucial measures to guide the business toward profitable growth and sustainable success. Lange looks forward to building on these important advancements and remains committed to pursuing them collaboratively with the Executive Board team and colleagues worldwide. The early contract extension provides stability and continuity for Knorr-Bremse's strategic initiatives in the rapidly evolving transportation sector.

Knorr-Bremse maintains its position as the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. The company's products contribute significantly to enhanced safety and energy efficiency in transportation worldwide. With more than 32,000 employees across over 100 locations in 30 countries, Knorr-Bremse continues to develop innovative solutions meeting the highest technological standards. The company generated revenues of approximately EUR 7.9 billion in 2024 across its two divisions. Additional information about the company can be found at https://www.knorr-bremse.com.

The contract extension comes at a critical time for the transportation industry as it navigates significant technological shifts and sustainability challenges. Leadership continuity in key positions like Lange's role ensures consistent execution of strategic initiatives and maintains momentum in innovation and customer relationships. For stakeholders including investors, customers, and employees, this decision signals confidence in the current leadership direction and provides assurance of stability during industry transformation. The early renewal also demonstrates the company's proactive approach to talent retention and strategic planning in a competitive global market.