In mid 2013 Knorr-Bremse owner Heinz Hermann Thiele became chairman of the Vossloh board, after having raised his shareholding in the company from below 5% to over 10% in Mar. 2011, and to over 25% in 2013. Thiele's election to chair was opposed by the Vossloh family who owned over 30% of the shares. In November 2013 the Vossloh family unexpectedly sold 22% of its shareholding, reducing their holding to under 10% and leaving Heinz Hermann Thiele as the main shareholder in the company.