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Dieter Zetsche to remain Daimler CEO

 Dieter Zetsche to remain Daimler  CEO
Dr. Dieter Zetsche 21.2.2013

Contract extended to the end of 2016

Daimler's Supervisory Board has unanimously voted to extend the contract of Dr. Dieter Zetsche who is the Chairman of the Board of Management as well as the Head of Mercedes-Benz Cars.

Zetsche's contract was set to expire at the end of the year, but the extension means he will continue to serve as the company's CEO until December 31, 2016.

The Supervisory Board also voted to extended Prof. Dr. Thomas Weber's contract as Mercedes' head of development.

According to Dr. Manfred Bischoff, the Chairman of Daimler's Supervisory Board, "With today’s extensions of the contracts of Dieter Zetsche and Thomas Weber, we are maintaining the important continuity at the top executive level." He added, “Dieter Zetsche is distinguished of course by his great experience, but also by his ability to combine a feeling for cars with sound engineering knowledge and an entrepreneurial approach."

Source: Daimler

Supervisory Board of Daimler AG extends contracts of Dr. Dieter Zetsche and Prof. Dr. Thomas Weber; Exchange of Board of Management responsibilities between Dr. Wolfgang Bernhard and Andreas Renschler

Three-year extensions for Dr. Zetsche and Prof. Weber until December 31, 2016
As of April 1, 2013: Andreas Renschler to be responsible for Production and Purchasing Mercedes-Benz Passenger Cars and Vans, Dr. Wolfgang Bernhard to be responsible for Daimler Trucks
Dr. Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG: “With today’s extensions of the contracts of Dieter Zetsche and Thomas Weber, we are maintaining the important continuity at the top executive level.”

Stuttgart – In its meeting today, the Supervisory Board of Daimler AG passed a unanimous resolution to extend the contract of service of Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, until December 31, 2016. The contract of service of Prof. Dr. Thomas Weber, Board of Management Member for Group Research and Mercedes-Benz Cars Development, was also extended until December 31, 2016.

As of April 1, 2013, Andreas Renschler will assume Board of Management responsibility for production and purchasing of Mercedes-Benz Passenger Cars & Mercedes-Benz Vans. At the same time, Dr. Wolfgang Bernhard will assume Board of Management responsibility for Daimler Trucks.

Dr. Dieter Zetsche has been a member of the Board of Management of Daimler AG since December 16, 1998 and its Chairman since January 1, 2006. He is also Head of the Mercedes-Benz Cars division.
Prof. Dr. Thomas Weber has been a member of the Board of Management of Daimler AG since January 1, 2004 and is responsible for Group Research and Mercedes-Benz Cars Development.

Andreas Renschler has been a member of the Board of Management of Daimler AG and Head of Daimler Trucks since October 1, 2004. Dr. Wolfgang Bernhard has been a member of the Board of Management of Daimler AG and Head of Operations Mercedes-Benz Cars since February 18, 2010.

Dr. Manfred Bischoff: “The long-term orientation of the Group’s leadership is an essential factor for Daimler’s sustained success. With today’s extensions of the contracts of Dieter Zetsche and Thomas Weber, we are maintaining the important continuity at the top executive level.”

“Dieter Zetsche and the Board of Management have a clear plan how to further enhance Daimler’s overall performance together with their team. Dieter Zetsche is distinguished of course by his great experience, but also by his ability to combine a feeling for cars with sound engineering knowledge and an entrepreneurial approach,” continued Dr. Bischoff.

“Research and development are two key areas in the automobile industry. I am therefore delighted that we will continue the successful collaboration with Thomas Weber. He will steadily continue to maintain Daimler’s claim to technological leadership," stated Dr. Bischoff.

“Wolfgang Bernhard and Andreas Renschler are two highly experienced members of Daimler’s Board of Management. With this change, they will both be able to utilize their management know-how from their previous responsibilities within in their new functions, thus expanding their own expertise in all automobile areas” explained Dr. Bischoff.

The contracts of service of Dr. Zetsche and Prof. Dr. Weber would otherwise have expired in December 2013. In accordance with Section 84 Subsection 1 of the German Stock Corporation Act (AktG) and with the Rules of Procedure of the Supervisory Board of Daimler AG, the Supervisory Board passes a resolution on reappointments to the Board of Management at the beginning of the last year of a member’s current period of office.

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Comments (6)

OsamaS.Husain
If they keep him or not the priorities for Mercedes are: 1- China and more China 2- New models specially in the US 3- S-class must attract more buyers than usual and fill the Maybach gap.
Feb 22, 2013 6:32 am
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Han Solo
Dieter Schnitzel... Shizzle my Nizzle... I dont even know what that means... Hahaha... :) So are you guys ever gonna improve your interior?...
Feb 21, 2013 8:57 pm
1 1
hunker7
Yes, c-class interior is dreadful. Plastic they use is just so, well, plastic. It is all put together really well, but the plastic is the one you use on TV remotes.
Feb 22, 2013 7:38 am
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manual-trans
Make sure you keep the bold shiny!
Feb 21, 2013 8:04 pm
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SirLukkas
Just look at that splendid moustache.
Feb 21, 2013 7:14 pm
2 0
Noah
Good decision!
Feb 21, 2013 5:10 pm
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