MUNICH - The Supervisory Board of Knorr-Bremse AG has unanimously voted to extend the contract of Dr. Nicolas Lange (57) as a member of the Executive Board for a further five years, effective October 2026. Lange, who leads the Rail Vehicle Systems division globally, was appointed to the board in October 2023. The early renewal underscores the board's confidence in his leadership during a period of significant change in the transport industry.
Dr. Reinhard Ploss, Chairman of the Supervisory Board, praised Lange's contributions, stating, "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. Amid global challenges and the transformation of the transport industry, he has set a firm course for the Rail division's future growth."
CEO Marc Llistosella echoed these sentiments, noting that the extension "has sent out a powerful message about continuing the highly effective collaboration among the Executive Board members." He highlighted Lange's role in efficiency improvements under the BOOST strategy program, as well as investments in innovation and customer projects.
Lange expressed gratitude for the trust placed in him, saying, "Over the last two years, we in the Rail division have implemented key measures to steer our business toward profitable growth and lasting success. I look forward to continuing these important advances."
Knorr-Bremse, a global leader in braking systems for rail and commercial vehicles, employs over 32,000 people across 100 locations in 30 countries. The company generated approximately EUR 7.9 billion in revenue in 2024. This contract extension ensures continuity in the Rail Vehicle Systems division, which is critical to the company's strategy in key megatrends such as urbanization, sustainability, digitalization, and mobility.
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