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Knorr-Bremse: Chairman of the Board, throws surprisingly

It is a finish on boom and the case. Quite surprisingly, Klaus Deller is to leave the brake with immediate effect from his Post as CEO of the automotive supplier Knorr-Bremse. What's going on?

As the reason for the sudden departure of the 57-Year-old Manager, the company said in a message of "different conceptions of leadership and cooperation". Deller had brought the family-owned company, is majority owned by the billionaire Heinz Hermann Thiele, in the autumn of last year on the stock exchange. With great success, the share price rose since then by double digits and rose in the second stock exchange League, the MDax.

investors responded so disappointed in the message of the fall of Deller's. The paper according to its own information the world's market leader for Truck - and train-brakes broke to six percent, and the price is still 20 percent above the output. Knorr-Bremse tried to appease, and said that the successful strategy would change nothing.

"on schedule"

deck the ongoing business this year, "the Plan". For the first year on the stock market, Knorr-Bremse will pay a dividend of 1.75 Euro per share. The net profit of the company at the balance sheet press conference in early March, still had not called, rose to 2018 by seven percent to 630 million euros.

Alone in the Thiele family gets to almost 200 million Euro in dividends paid. Until a successor to Deller is found, the three remaining members of the management Board his duties. On Tuesday was taken by the Supervisory Board the balance sheet 2018 'rubber stamp'.

for More course praised for the information of the Knorr-Bremse

Insider reports of tensions

The former Daimler-Manager Klaus Mangold, the leads of the Supervisory Board since October, Deller for his "successful work". Thiele is for three years, honorary Chairman of the Supervisory Board, according to industry insiders, but the company is still very present, also in the operating business.

Heinz-Hermann Thiele

The 78-Year-old had his office right next to the by Deller. An industry expert told of tensions between Thiele and the previous Chairman of the Board. "It was just a marriage of convenience." Knorr-Bremse's spokeswoman would not comment. Thiele had installed Deller 2015 as Chairman of the Board.

From the administrator to the head of the company

Deller was supposed to be the chief of the Frankish automotive supplier Schaeffler. Then the family owners decided but for the CFO, Klaus Rosenfeld, and found Deller with a million total. Previously the diploma in mechanical engineering, was already five years in the Knorr-Bremse Executive Board member for the commercial vehicle business.

Thiele is watching with Argus eyes, through his life's work. The lawyer had worked since 1969, the clerk in the patent Department in the management of the 1905 company, founded in high-and Knorr-Bremse in 1984 taken over after the previous owner had fallen out. He molded the company to become a leading brake manufacturer. Until 2007 he was head of the company itself, before he moved to the Supervisory Board, which he headed until 2016.

lg/rtr

source: boerse.ard.de
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