Knorr-Bremse Extends CEO Marc Llistosella’s Contract

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Knorr-Bremse AG has announced the early renewal of Marc Llistosella’s contract as Chief Executive Officer (CEO), extending his tenure until December 2030. The decision, made unanimously by the company’s Supervisory Board, reflects confidence in Llistosella’s leadership and the BOOST 2026 strategy program. Since taking the helm in January 2023, he has driven strategic initiatives aimed at strengthening the company’s global market and technology leadership.

Key Highlights:

  • Contract extended for five years beyond its original expiration in 2025.
  • Supervisory Board unanimously supported the renewal, citing leadership and strategic vision.
  • BOOST 2026 strategy program credited for driving Knorr-Bremse’s continued growth.
  • Operational strength and resilience maintained despite global economic challenges.
  • Focus areas include profitability, sustainable growth, and added value across all divisions.

Dr. Reinhard Ploss, Chairman of the Supervisory Board, praised Llistosella’s entrepreneurial approach and strategic execution, highlighting his ability to navigate industry challenges and sustain Knorr-Bremse’s market leadership. Ploss stated, “By renewing his contract early, we wish to honor his contribution to this success.”

Llistosella expressed his commitment to driving Knorr-Bremse’s transformation, emphasizing priorities such as profitability, sustainability, and long-term value creation. He remarked, “We are in the middle of the company’s strategic transformation and have set out to do a great deal to make Knorr-Bremse fit for the future.”

As a global leader in braking systems and rail and commercial vehicle technologies, Knorr-Bremse continues to leverage key industry trends, including urbanization, sustainability, digitalization, and mobility. In 2023, the company generated revenues of approximately €7.9 billion, reinforcing its position as one of Germany’s most successful industrial enterprises.

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