Knorr-Bremse CEO Marc Llistosella’s Contract Extended for Five More Years in Recognition of Strategic Success

Knorr-Bremse CEO Marc Llistosella’s Contract Extended for Five More Years in Recognition of Strategic Success

(IN BRIEF) Knorr-Bremse AG has announced that Marc Llistosella’s contract as CEO will be renewed for five additional years, extending his tenure until December 2030. This early renewal follows Llistosella’s successful leadership and the progress made under the BOOST 2026 strategy. The decision was supported by the employee representatives and the Supervisory Board, reflecting confidence in his ability to continue driving the company’s growth and transformation. Llistosella expressed his excitement for continuing the company’s strategic direction focused on profitability, sustainable growth, and value creation.

(PRESS RELEASE) MUNICH, 31-Jan-2025 — /EuropaWire/ — Knorr-Bremse AG, the global leader in braking systems and a prominent supplier of rail and commercial vehicle systems, has announced the early renewal of Marc Llistosella’s contract as Chief Executive Officer (CEO). The Supervisory Board has unanimously extended his contract for another five years, ensuring his leadership until December 2030. This decision comes ahead of his original contract expiration in 2025 and reflects the successful implementation of the company’s BOOST 2026 strategy, as well as Llistosella’s strong leadership during his tenure since becoming CEO in January 2023.

The contract renewal was supported by the employee representatives and endorsed by the Supervisory Board, marking a clear commitment to maintaining continuity at the top of the company. Dr. Reinhard Ploss, Chairman of the Supervisory Board, praised Llistosella’s leadership, highlighting his strategic expertise and entrepreneurial spirit. “Marc has swiftly tackled significant challenges and implemented crucial initiatives that have strengthened Knorr-Bremse as a global leader,” said Ploss. “His leadership has ensured that the company continues to thrive despite global economic pressures, and we are pleased to have him continue steering the company towards future success.”

Llistosella expressed his gratitude for the trust placed in him and the opportunity to further guide the company through its ongoing strategic transformation. “I’m excited to continue shaping Knorr-Bremse’s future alongside my Executive Board team and our global colleagues. We are focused on driving profitability, sustainable growth, and long-term value creation. I appreciate the confidence shown by Reinhard Ploss and the entire Supervisory Board and look forward to our continued collaboration.”

About Knorr-Bremse

Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. Knorr-Bremse’s products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. More than 32,000 employees at over 100 locations in 30 countries develop and produce innovative solutions and services that meet the highest technological standards. In 2023, Knorr-Bremse’s two divisions together generated revenues of approximately € 7.9 billion. For 120 years, the company has been at the cutting edge of its industries, driving innovation in mobility and transportation technologies with a leading edge in connected system solutions. Knorr-Bremse is one of Germany’s most successful industrial companies and profits from the key global megatrends: urbanization, sustainability, digitalization, and mobility.

Media Contacts:

Alexander Stechert-Mayerhöfer
Senior Vice President Corporate Communications & Corporate Affairs
alexander.stechert-mayerhoefer@knorr-bremse.com
+49 89 3547 2784

Andreas Spitzauer
Head of Investor Relations
andreas.spitzauer@knorr-bremse.com
+49 89 3547 182310

SOURCE: Knorr-Bremse AG