The Supervisory Board of Knorr-Bremse AG has unanimously agreed to extend the contract of Chief Financial Officer Frank Weber (56) for a further five years, securing his position on the Executive Board until 1 April 2032. The early renewal underlines the company’s confidence in Weber’s leadership as Knorr-Bremse continues to navigate a demanding global economic environment.
Frank Weber has been a member of the Executive Board since 2020 and oversees a broad portfolio that includes Finance, Accounting, Controlling, Taxes, Treasury, M&A, Sustainability, Investor Relations, Real Estate, and Indirect Procurement. His remit plays a central role in supporting Knorr-Bremse’s long-term strategy across both rail and commercial vehicle markets.
Dr. Reinhard Ploss, Chairman of the Supervisory Board of Knorr-Bremse AG, praised Weber’s performance since taking on the CFO role:
“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.”
The decision was also welcomed by Chief Executive Officer Marc Llistosella, who highlighted the importance of continuity at board level:
“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 himself said the renewal reflects the collective progress made across the organisation in recent years:
“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.”
Image credit: Knorr Bremse
