Dr Zwingmann to leave executive board of braking systems supplier Knorr-Bremse

Braking systems manufacturer Knorr-Bremse has announced that Dr Lorenz Zwingmann, 52, executive board member responsible for finance, IT, controlling and processes, is to leave the company on 31 December 2017. The company adds that he leaves on the very best of terms, opting not renew his contract in order to take up a new professional challenge in his North German homeland. Dr Zwingmann intends to meet his contractual obligations until the termination date, while the supervisory board, noting its regret at his decision, said it would make a decision on a successor as rapidly as possible.

Dr Zwingmann has been a member of the executive board of the company since the end of 2008, and from 2011 to mid-2013 was also the executive board spokesman.

“The Supervisory Board thanks Dr Lorenz Zwingmann for his exceptional commitment to Knorr-Bremse AG. Since he first joined the board in 2008, he has made a crucial contribution to the company‘s successful growth and internationalization strategy. Dr Zwingmann introduced efficient processes, continuously improved the company’s financial, risk management and IT systems and ensured their viability for the future. We are extremely grateful to him for his outstanding contribution and regret the fact that he will no longer be available to the company,” said Hans-Georg Härter, chairman of the supervisory board. Prior to leaving the company Dr Zwingmann will prepare and support the transfer of his duties to a successor.

Dr Zwingmann joined Knorr-Bremse as CFO in December 2008. After undergraduate studies and completion of a doctorate at Göttingen University, he worked from the mid-1990s onwards at Philips Electronics. Between 2003 and 2008 he acted as commercial manager of the STILL Group, one of the leading manufacturers of industrial trucks.