Supervisory Board of the week: Knorr-Bremse

Knorr-Bremse

This Friday, the automotive supplier Knorr-Bremse is going public, and in the run-up to the IPO, analysts and financial journalists have dealt with key financial figures and management in a proven manner – and once again largely ignored the Supervisory Board. In the FAZ interview, owner Heinz-Hermann Thiele described the “experienced and professional supervisory board” as an essential factor for the stock market maturity of his company.

A lot of experience, few women

In fact, renowned managers sit on the twelve-member committee: Since the beginning of September, the former Daimler Board of Management member Klaus Mangold (75) has served as Supervisory Board Chairman, while the former ThyssenKrupp Board member Wolfram Mörsdorf and the former Daimler Trucks Development Director Georg Weiberg also bring a wealth of experience with them. However, both are already around 70 and therefore not digital natives. In addition to younger experts, women are also rare; after all, Werhahn CFO Kathrin Dahnke (57) moved into the supervisory board at the end of May. She is the second woman there after the owner subsidiary Julia Thiele-Schürhoff. There is therefore still a need for further action with regard to women’s quotas.