Knorr-Bremse names new CFO

Frank Markus Weber will assume the Chief Financial Officer role at Knorr-Bremse AG as of 1 August 2020.

Recently, he held positions at Mercedes Benz AG and Daimler AG where he influenced numerous entrepreneurial decisions. He has extensive experience in the financial and trucking sector following his CFO tenure at Mitsubishi Fuso Truck & Buses in Tokyo, Japan, and Daimler Trucks Asia. At Daimler he led important projects including digitalisation, corporate development and cost efficiency programs.

“I am delighted that in Mr Weber we have been able to recruit an outstanding management personality for Knorr-Bremse AG,” said Chairman of the Supervisory Board of Knorr-Bremse AG, Prof. Dr Klaus Mangold. “With his excellent experience in strategy, capital market communications, controlling and M&A, he will contribute to the future growth of Knorr-Bremse Group.”

Weber said: “Knorr-Bremse is a high-tech company with an excellent position in the rail and commercial vehicle sector, and I look forward to playing my part in actively shaping this company in the future”.

Bernd Eulitz, Chairman of the Executive Board of Knorr-Bremse AG, will provisionally manage the company´s finance devision during the transition period following the departure of Ralph Heuwing on 30 April 2020.

Frank Markus Weber holds a business degree (University of Tübingen).

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