Annual Report 2012 - Knorr-Bremse AG.
Annual Report 2012 - Knorr-Bremse AG.
Annual Report 2012 - Knorr-Bremse AG.
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Supervisory Board<br />
11<br />
and the company’s accounts were examined by the auditors<br />
elected by the <strong>Annual</strong> Shareholders’ Meeting, KPMG<br />
<strong>AG</strong> Wirtschaftsprüfungsgesellschaft, Munich, and endorsed<br />
with their unqualified opinion dated March 1,<br />
2013. The Supervisory Board also examined the Financial<br />
Statements for fiscal <strong>2012</strong>, the Management <strong>Report</strong>, the<br />
proposed allocation of unappropriated retained earnings,<br />
and the Consolidated Financial Statements and Management<br />
<strong>Report</strong> on the <strong>Knorr</strong>-<strong>Bremse</strong> Group. No objections<br />
were raised. At its meeting on March 8, 2013, the Supervisory<br />
Board approved the <strong>2012</strong> Financial Statements,<br />
which thereby became legally binding. The Supervisory<br />
Board concurs with the Executive Board’s proposal for the<br />
allocation of unappropriated retained earnings. The Consolidated<br />
Financial Statements were also approved.<br />
The auditors attended the meeting of the Financial Statements<br />
Committee on February 22, 2013 as well as the financial<br />
statements meeting of the Supervisory Board on<br />
March 8, 2013, reported on their key findings and answered<br />
outstanding questions.<br />
KPMG <strong>AG</strong> Wirtschaftsprüfungsgesellschaft, Munich, also<br />
examined the Executive Board’s report on relations with<br />
affiliated companies, drawn up in line with Paragraph 312<br />
German Corporation Law (AktG). The auditors endorsed<br />
this report with the following opinion:<br />
“Having audited and assessed this report in accordance<br />
with professional standards, we confirm that: 1. The factual<br />
contents of the report are correct. 2. The consideration<br />
furnished by the Company in the legal transactions set<br />
out in the report was not unreasonably high.”<br />
The Supervisory Board also examined the Executive<br />
Board’s report on relations with affiliated companies and<br />
has no objections to the concluding statement by the Executive<br />
Board or to the auditors’ findings.<br />
Effective March 16, <strong>2012</strong>, Dr. Kurt Kiethe retired from his<br />
position on the employer’s side of the Supervisory Board<br />
of <strong>Knorr</strong>-<strong>Bremse</strong> <strong>AG</strong>. Dr. Kiethe held a seat on the supervisory<br />
boards of both <strong>Knorr</strong>-<strong>Bremse</strong> <strong>AG</strong> and <strong>Knorr</strong>-<strong>Bremse</strong><br />
Systeme für Schienenfahrzeuge GmbH. Prior to that, he<br />
was a member of the supervisory boards of Süddeutsche<br />
<strong>Bremse</strong>n <strong>AG</strong> and <strong>Knorr</strong>-<strong>Bremse</strong> KG. On behalf of <strong>Knorr</strong>-<br />
<strong>Bremse</strong> <strong>AG</strong>, the Supervisory Board wishes to thank Dr.<br />
Kiethe most sincerely for many years of successful collaboration<br />
in the development of the <strong>Knorr</strong>-<strong>Bremse</strong> Group.<br />
The vacancy left by Dr. Kiethe on the employer’s side of<br />
the supervisory boards of <strong>Knorr</strong>-<strong>Bremse</strong> <strong>AG</strong> and of <strong>Knorr</strong>-<br />
<strong>Bremse</strong> Systeme für Schienenfahrzeuge GmbH was filled<br />
on March 16, <strong>2012</strong> by Dr.-Ing. Michael Buscher. Dr.<br />
Buscher has amassed many years’ experience in the field<br />
of rail transportation and over the coming years will be<br />
supporting <strong>Knorr</strong>-<strong>Bremse</strong> by bringing his extensive technical<br />
and entrepreneurial expertise to the table within the<br />
various corporate bodies.<br />
On November 9, <strong>2012</strong> Dr. Horst Zimmer also retired from<br />
his seat on the employer’s side of the Supervisory Board<br />
of <strong>Knorr</strong>-<strong>Bremse</strong> <strong>AG</strong>. Dr. Zimmer had held a seat on the<br />
supervisory boards of both <strong>Knorr</strong>-<strong>Bremse</strong> <strong>AG</strong> and <strong>Knorr</strong>-<br />
<strong>Bremse</strong> Systeme für Nutzfahrzeuge GmbH since 1999.<br />
With his great experience and pronounced entrepreneurial<br />
thinking, Dr. Zimmer showed great dedication to supporting<br />
the progress of <strong>Knorr</strong>-<strong>Bremse</strong> during this period,<br />
progress that he also played a key part in shaping through<br />
fundamental strategic decision-making. On behalf of<br />
<strong>Knorr</strong>-<strong>Bremse</strong> <strong>AG</strong>, the Supervisory Board wishes to thank<br />
Dr. Zimmer most sincerely for the many years in which he<br />
contributed to its work; we will retain a close bond with<br />
him.<br />
Effective November 9, <strong>2012</strong>, Dr. Zimmer was succeeded<br />
on the employer’s side of the supervisory boards of <strong>Knorr</strong>-<br />
<strong>Bremse</strong> <strong>AG</strong> and <strong>Knorr</strong>-<strong>Bremse</strong> Systeme für Nutzfahrzeuge<br />
GmbH by Hans-Georg Härter. As a result of his long-time<br />
activities within the automotive supplier sector, Mr. Härter<br />
can call upon deep reserves of experience across the entire<br />
field of management and will in the future be supporting<br />
the Group through his contributions to the various<br />
corporate bodies.<br />
Munich, March 8, 2013<br />
The Supervisory Board<br />
Heinz Hermann Thiele,<br />
Chairman