The Supervisory Board of Knorr-Bremse AG has unanimously extended Chief Financial Officer Frank Weber’s contract by five years, with the new term beginning April 1, 2027. Weber, 56, has served on the Executive Board since 2020 and oversees finance, accounting, controlling, taxes, treasury, M&A, sustainability, investor relations, real estate, and indirect procurement at the global braking systems leader.
Highlights
- Five-year extension approved unanimously by the Supervisory Board, with the new term commencing April 1, 2027
- Weber has held the CFO post since 2020 and is credited with steering financial strategy through Knorr-Bremse’s BOOST 2026 transformation program
- Renewal extends executive continuity alongside CEO Marc Llistosella, whose own contract was renewed earlier
- Decision follows a record 2025 fiscal year featuring €7.82 billion (about $8.93 billion) in revenue and €790 million ($902 million) in free cash flow
Continuity at the Top of a Brake-Industry Heavyweight
Knorr-Bremse is the world’s largest supplier of braking systems for rail and commercial vehicles, with roughly 30,000 employees across more than 100 locations in 30 countries. Group revenues reached approximately €7.8 billion (about $8.91 billion) in 2025. Weber’s early renewal locks in financial leadership through the next phase of the company’s BOOST strategy, which has prioritized portfolio optimization, structural cost reductions, and targeted acquisitions in rail electronics and commercial vehicle aftermarket platforms.
The early extension also signals stability at the executive level. Weber’s tenure has spanned a period of significant balance-sheet repositioning, including divestitures generating more than €400 million in revenue and acquisitions such as KB Signaling, duagon Group, and TRAVIS Road Services.
Supervisory Board Cites Financial Resilience
Dr. Reinhard Ploss, Chairman of the Supervisory Board of Knorr-Bremse AG, said: “Since taking over as CFO in 2020, Frank Weber has steered the finances of Knorr-Bremse AG with a high degree of professionalism, clarity, and strategic foresight in a challenging economic environment. He has built a reputation for transparent, reliable communication with both internal and external capital markets stakeholders, while consistently prioritizing financial resilience. The Supervisory Board is confident that Frank Weber will continue to play a key role in the company’s successful development in the years ahead.”
CEO Marc Llistosella added: “By extending his contract early the Supervisory Board underscores complete confidence in Frank Weber’s work. I, for one, am delighted that he will remain a leading light at the company in the coming years, ensuring continuity within the Executive Board. As Chief Financial Officer, Frank Weber is one of the key driving forces behind our strong financial performance, thereby laying the groundwork for targeted investments in future-oriented areas and expanding our leading market position.”
Weber on Capital Allocation and Cash Flow
Weber said: “I would like to thank the Supervisory Board for the trust placed in me. Together, we have made Knorr-Bremse more financially resilient in recent years, clearly aligned our capital allocation with our strategic goals, and driven up our profitability and cash flow generation. I intend to build on this progress and further advance Knorr-Bremse’s successful development together with the Executive Board and our colleagues worldwide.”
The company most recently reported an operating EBIT margin of 13.0% for 2025, with free cash flow of €790 million representing a record for the group. Weber has publicly tied those results to BOOST-driven cost discipline and a cash conversion rate above 100%.
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