Nexxiot board of directors appoints new CEO, to drive innovation and accelerate ROI for clients

Nexxiot board of directors appoints new CEO, to drive innovation and accelerate ROI for clients


Nexxiot’s board of directors has appointed Dr. Maximilian Eichhorn as the new CEO to steer the company through its next growth phase. Previously serving as vice president of digital products and services at Knorr-Bremse, Dr. Eichhorn brings extensive experience in digital innovation and creating scalable value for transportation clients.

As an asset intelligence company, Nexxiot is committed to advancing rail and intermodal operations to enhance efficiency, safety, and sustainability. This effort aligns with the EU directive to shift 30 percent of road freight over 300 km to rail and waterborne transport by 2030, aiming to double rail freight traffic by 2050. Dr. Eichhorn will lead Nexxiot’s commercialization programme, delivering solutions to both rail and maritime clients.

Nexxiot boasts the largest IoT device fleet globally, with around 1 million digital railcars and shipping containers deployed. Dr. Eichhorn’s appointment, given his Knorr-Bremse background, represents a natural evolution for Nexxiot to drive innovation and leverage synergies within the industry. The two companies have previously collaborated on digitalization through a strategic investment and cooperation agreement.

Employing around 120 people worldwide, primarily in Switzerland, the USA, andpeac Nordic countries, Nexxiot has achieved growth through scalable IoT hardware, data analytics, and process automation. The Board supports Dr. Eichhorn’s vision to maximise client value by strengthening the team and fostering a culture of collaboration. His focus will be on enhancing hardware excellence and data capabilities to address real-world challenges.

Dr. Eichhorn stated, “Our purpose at Nexxiot is to accelerate the return on investment for our clients and their customers by providing powerful hardware, analytics, and AI. With rapid digital adoption across rail and maritime, Nexxiot is ideally positioned to capitalise on this growth. I’m excited to lead this diverse and committed team.”

Chairman of the board of directors, Dr. Andrew Thomas, added, “Building on our consecutive years of successful growth, this is the perfect time to appoint Dr. Eichhorn as CEO. His industry leadership and engineering expertise will enable us to deliver the innovative products and digital services our global clients need to support their digital transformation and commercial goals.”

For more information visit www.nexxiot.com

11 June 2024