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

The Supervisory Board of Knorr-Bremse AG has extended the contract of Dr. Nicolas Lange for his role as a member of the Executive Board for an additional five years starting October 2026. The 57-year-old executive, who holds global responsibility for the Rail Vehicle Systems division, received unanimous support from the supervisory board for this early contract renewal. Lange was originally appointed to the Knorr-Bremse Executive Board in October 2023, bringing his extensive industry experience to the company's leadership team.

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. "Nicolas Lange has been a driving force behind Knorr-Bremse's global rail vehicle systems business, demonstrating strategic vision and technological expertise and forging strong relationships with customers," Ploss stated. He noted that amid global challenges and the transformation of the transport industry, Lange has established a firm course for the Rail division's future growth. The supervisory board looks forward to continuing their collaboration and benefiting from Lange's longstanding international experience in the industry.

Marc Llistosella, Chief Executive Officer of Knorr-Bremse AG, characterized the contract extension as a powerful message about maintaining effective collaboration among Executive Board members. "Under Nicolas' leadership, the Rail Vehicle Systems division makes a sizable contribution to our company's successful development," Llistosella explained. He highlighted specific achievements including efficiency and performance enhancements through the BOOST strategy program, along with pioneering investments, innovations, and important customer projects that have strengthened the company's market position.

Dr. Lange expressed gratitude for the supervisory board's trust and outlined his commitment to continuing the strategic initiatives already underway. "Over the last two years, we in the Rail division have implemented key measures to steer our business toward profitable growth and lasting success," Lange said. He emphasized his dedication to further pursuing these advances alongside the Executive Board team and colleagues worldwide, reinforcing the company's trajectory in the evolving transportation landscape.

This contract extension comes at a critical time for the transportation industry, which is undergoing significant transformation driven by urbanization, sustainability requirements, and digitalization trends. Knorr-Bremse, as the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, plays a crucial role in shaping the future of mobility. The company's continued leadership stability ensures consistent execution of its strategic vision during this period of industry-wide change. For more information about Knorr-Bremse's corporate developments, visit https://www.newmediawire.com.