Knorr-Bremse CEO Klaus Deller leaves

  • Push-out Score determined
  • After about four and a half years in the position
  • Praise and thanks for Deller
  • Responsibilities redistributed
  • Search for a successor

(exechange) — Munich, Germany, April 30, 2019 — Klaus Deller, chief executive of Knorr-Bremse, leaves — “by mutual agreement.” As announced by Knorr-Bremse AG in a news release on Tuesday, April 30, 2019, Klaus Deller, Chief Executive Officer, leaves the German manufacturer of braking systems for rail and commercial vehicles after about four and a half years in the role, effective immediately.

Knorr-Bremse will undertake a search for a successor.

Following Klaus Deller’s departure, the position of Chief Executive Officer will not be filled for the time being. Klaus Deller’s responsibilities are redistributed.

“Different views about leadership and collaboration”

Klaus Deller’s departure from the CEO post is explained as follows. Knorr-Bremse said: “Mr. Deller resigned due to different views about leadership and collaboration.”

Precise information regarding Klaus Deller’s future plans was not immediately available.

“Leave the company”

Knorr-Bremse said: “Klaus Deller, the Chairman of the Executive Board of Knorr-Bremse AG, will leave the company on April 30 by mutual agreement.”

Share price increase since October 2018

The announcement follows an increase in Knorr-Bremse AG’s share price of 22 percent since October 2018.

Chaired by Klaus Mangold

Knorr-Bremse AG is chaired by Klaus Mangold.

Since 2018, Prof. Dr. Mangold is Chairman of the Supervisory Board of Knorr-Bremse AG.

In the position of CEO since 2015

Klaus Deller has been Chief Executive Officer and Chairman of the Executive Board at Knorr-Bremse AG since January 1, 2015.

His CV reads as follows:

Nationality: German

Date of birth: March 23, 1962

Place of birth: Zweibrücken, Germany

Marital status: married, three children

Professional Career

Knorr-Bremse AG, Munich

  • 2015 – 2019: Chairman of the Executive Board; Responsible for the worldwide business of the Rail Vehicle Systems division
  • 2009 – 2014: Member of the Executive Board; Responsible for the worldwide business of the Commercial Vehicle Systems division
  • 2009 – 2012: Chairman of the Management Board; Responsible for the European business of the Commercial Vehicle Systems division

Brose Fahrzeugteile GmbH und Co KG, Coburg

  • 2006 – 2009: Deputy Chief Executive Officer
  • 2004 – 2006: Member of the Management Board, Head of the Window Regulator Business Division

Robert Bosch GmbH, Stuttgart

  • 2000 – 2003: Executive Vice President, Director; Original Automotive Equipment Sales and Marketing
  • 1996 – 1999: Vice President, Key Account Manager for General Motors Europe, Frankfurt (Germany) and Detroit (USA)
  • 1993 – 1994: Technical Sales Engineer
  • 1991 – 1992: Management Trainee

Education

J.L. Kellogg Graduate School of Management Northwestern University, Evanston, (USA)

  • 1994 – 1996: Master of Business Administration (MBA)

University of Stuttgart

  • 1984 – 1990: Studies in Mechanical Engineering (leading to a Diploma in Mechanical Engineering)

McCormick School of Engineering & Applied Science Northwestern University, Evanston (USA)

  • 1988 – 1989: Studies in Mechanical Engineering and Applied Mathematics; Master of Science (MS).
Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.

exechange reached out to Knorr-Bremse and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 18.2019 ($).