Knorr-Bremse Aktiengesellschaft announced that Dr. Peter Laier, member of the Executive Board of Knorr-Bremse AG and globally responsible for the Commercial Vehicle Systems division (CVS), is to resign from the Executive Board at his own request with effect from December 31, 2021, in order to pursue new professional perspectives. The division will be managed on an interim basis by the CEO Dr. Jan Mrosik from January 1, 2022. Dr. Peter Laier was appointed to the Executive Board of Knorr-Bremse AG on January 1, 2016 with the responsibility for the global Commercial Vehicle Systems division (CVS). As member of the Executive Board, Dr. Laier also successfully supported the IPO of Knorr-Bremse AG in October 2018. The Supervisory Board of Knorr-Bremse AG has initiated the search for a successor.