Economy & Politics

Knorr-Bremse – the paradox of the patriarch

Now they are waiting again for a new boss in Munich. Bernd Eulitz, the last CEO of Knorr-Bremse, has to look for a new job after just ten months. This means that since 2007 five managers have been taking over the boss’s office. Or six, if you count the head candidate, who was allegedly complimented shortly before he was appointed.

With so much unrest at the top of a company, business can’t go smoothly – you’d think. But that is out of the question at Knorr-Bremse. The world’s leading manufacturer of braking systems for rail and commercial vehicles has doubled its sales to around 7 billion euros in the last ten years and tripled its operating profit.

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