Knorr-Bremse CEO Bernd Eulitz Leaves The Company Effective August 31, 2020

Mr. Eulitz, Chairman of the Executive Board of Knorr-Bremse AG, resigns in mutual agreement. The Supervisory Board has initiated the search for a successor. In the interim, the remaining members of the Executive Board – Dr. Peter Laier, Frank Markus Weber, and Dr. Jürgen Wilder – will take over the responsibilities of Mr. Eulitz for the transitional period.