Dr. Bernd Bohr to leave the Supervisory Board of Knorr-Bremse AG
The reasons have been discussed in detail, mutually understood and accepted. The Company does not intend to comment on the various motives that led to this step, nor is this necessary in view of the shareholder structure of Knorr-Bremse. We will not be commenting on speculation, be it internally or externally.
Dr. Bohr was appointed by the Annual Shareholders' Meeting of Knorr-Bremse AG on March 11, 2016 and elected Chairman of the newly composed Supervisory Board at its inaugural meeting. At the same time, he took over from Mr. Thiele as Chairman of the Advisory Council.
The Advisory Council is an informal body called into being by the shareholders over 30 years ago. Dr. Bohr will also stand down from this position at the same time.
Dr. Bohr and Mr. Thiele, who have known each other well for decades and respect one another, regret that, for important reasons, their collaboration cannot continue. The parting of the ways takes place by friendly mutual consent; Dr. Bohr will retain his links to the Company in an advisory capacity.
His successor in both offices from July 5, 2016 is Hans-Georg Härter, former Chairman of the Executive Board of ZF Friedrichshafen AG, who has been a member of the Supervisory Board for many years and has been its Deputy Chairman since March 11, 2016. Mr. Härter and Mr. Thiele are also linked by a long and trusting personal relationship.
On June 29, the Supervisory Board of Knorr-Bremse AG unanimously elected Mr. Härter as its new Chairman.
Knorr-Bremse is the world's leading manufacturer of braking systems for rail and commercial vehicles, with sales totaling almost €6 billion in 2015. In over 30 countries, some 25,000 employees develop, manufacture, and service braking, entrance, control, and energy supply systems, HVAC and driver assistance systems, as well as powertrain and transmission control solutions. As a technology leader, for more than 110 years now, through its products the company has been making a decisive contribution to greater safety by road and rail. Every day, more than one billion people around the world put their trust in systems made by Knorr-Bremse.