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. The unanimous decision to renew Dr. Lange's contract ahead of time for a further five years as of October 2026 represents a significant vote of confidence in his leadership during a period of substantial transformation in the transportation industry. Dr. Reinhard Ploss, Chairman of the Supervisory Board of Knorr-Bremse AG, emphasized that Nicolas Lange has been a driving force behind Knorr-Bremse's global rail vehicle systems business, demonstrating strategic vision and technological expertise while forging strong relationships with customers.

Amid global challenges and the ongoing transformation of the transport industry, Lange has set a firm course for the Rail division's future growth according to the Supervisory Board. The extension of his contract ensures continuity in leadership at a time when the company faces evolving market dynamics and technological shifts. 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 through efficiency and performance enhancements as part of the BOOST strategy program.

The decision to extend Lange's contract ahead of schedule reflects the company's commitment to maintaining stability in its executive leadership team. Dr. Nicolas Lange, who has global responsibility for the Rail Vehicle Systems division, was appointed to the Knorr-Bremse Executive Board in October 2023. In his response to the contract extension, Lange expressed gratitude to the Knorr-Bremse Supervisory Board for their trust and highlighted that over the last two years, the Rail division has implemented key measures to steer the business toward profitable growth and lasting success. He committed to continuing these important advances together with the Executive Board team and colleagues around the world.

The contract extension comes as Knorr-Bremse continues to navigate the evolving landscape of rail transportation technology and global market demands. The company's focus on innovation and strategic direction under Lange's leadership positions it to capitalize on emerging opportunities in the rail sector. The early renewal demonstrates the Board's confidence in Lange's ability to guide the Rail Vehicle Systems division through ongoing industry changes while maintaining the company's competitive position in global markets. This decision reinforces organizational stability and strategic continuity at a time when the transportation industry faces significant technological and operational transformations.