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 of Knorr-Bremse AG. The Supervisory Board voted unanimously to renew Dr. Lange's contract ahead of time for a further five years as of October 2026. Nicolas Lange, who has global responsibility for the Rail Vehicle Systems division, was appointed to the Knorr-Bremse 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 stated that Lange has demonstrated strategic vision and technological expertise while forging strong relationships with customers. Amid global challenges and the transformation of the transport industry, Lange has set a firm course for the Rail division's future growth. The Supervisory Board looks forward to continuing to work with him and benefiting from his longstanding, international experience in the industry.

Marc Llistosella, Chief Executive Officer of Knorr-Bremse AG, noted that the contract renewal sends a powerful message about continuing the highly effective collaboration among the Executive Board members. Under Lange's leadership, the Rail Vehicle Systems division makes a sizable contribution to the company's successful development. This includes efficiency and performance enhancements as part of the BOOST strategy program, as well as pioneering investments, innovations, and important customer projects. Llistosella expressed his anticipation for continuing to work with Lange in driving the company forward.

Dr. Nicolas Lange expressed gratitude to the Knorr-Bremse Supervisory Board for their trust in him. He highlighted that over the last two years, the Rail division has implemented key measures to steer the business toward profitable growth and lasting success. Lange looks forward to continuing these important advances and is committed to further pursuing them together with the Executive Board team and colleagues around the world. The contract extension ensures leadership stability for Knorr-Bremse, which maintains its position as the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. More information about the company can be found at https://www.knorr-bremse.com.