Changes to the Executive Board at Knorr-Bremse

German braking technology specialist, Knorr-Bremse, has appointed Ralph Heuwing as new Chief Financial Officer (CFO).

Heuwing (pictured) is to join Knorr-Bremse on 1 November 2017 and will take over the responsibilities of current CFO, Dr Lorenz Zwingmann, on 1 January 2018.

From May 2007 to May 2017, 51-year-old Heuwing served as CFO of technology company, Dürr, where he was responsible for the commercial activities of the group and won the 2016 ‘CFO of the Year’ award.

Hans-Georg Härter, Chairman of the Supervisory Board of Knorr-Bremse, commented, “We are very pleased that…we have been able to recruit such an experienced, successful and proficient CFO for Knorr-Bremse.

“We are banking on his rigorous financial management and far-sighted strategy to help drive Knorr-Bremse forward along its unswerving path to growth.”

After completing his studies of Mechanical Engineering at RWTH Aachen and the MIT in Cambridge (USA), and earning an MBA from INSEAD in France, Ralph Heuwing began his career with Boston Consulting Group as a consultant with the firm’s Munich and Frankfurt offices.

In 1996 he transferred to India to set up the firm’s consulting business there, before returning to Germany in 2001 as Managing Director and Partner.

During his extensive stay with BCG, his activities focused on multinational companies in the capital goods and financial services sectors, where he worked on strategic development, organization, performance enhancement and corporate financing.

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