Daimler boss Dieter Zetsche to step down in 2019

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Zetsche will depart his place as chairman subsequent yr forward of a transfer as much as the Daimler Supervisory Board in 2021

Daimler boss Dieter Zetsche will step down subsequent yr from his place of chairman of the board of administration on the automotive big and will probably be changed by group analysis and Mercedes-Benz growth boss, Ola Källenius. 

Zetsche, who has been on the Daimler board since 1998, chairman of the board since 2006 and head of Mercedes-Benz automobiles since 2005, will step down after Daimler’s annual shareholder assembly on 22 Could 2019. A two-year cooling-off interval will comply with, earlier than Zetsche’s switch to the supervisory board takes impact. 

In his future function on the supervisory board, Zetsche will exchange Manfred Bischoff after the 2021 annual shareholders’ assembly.

Zetsche has been at Daimler since 1976, when he joined the analysis division. He has by no means labored outdoors of Daimler. Beneath Zetsche, Mercedes-Benz has change into the best-selling luxurious automotive maker on the earth, outselling rivals Audi and BMW. At present, the C-Class and A-Class are the ninth and tenth best-selling automobiles within the UK. 

Zetsche’s successor Källenius has been appointed as chairman for 5 years. “In Ola Källenius, we’re appointing a recognised, internationally skilled and profitable Daimler govt as chairman of the board of administration of Daimler AG and head of Mercedes-Benz Automobiles. On the similar time, we’re counting on the confirmed twin accountability of the chairman of the board of administration as the pinnacle of the biggest division, Mercedes-Benz Automobiles,” stated Bischoff. 

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Swedish-born Källenius has been at Daimler since 1995, though had a two-year stint as govt director at McLaren Automotive between 2003 and 2005. He was appointed in his present function on the helm of group analysis and Mercedes-Benz growth originally of 2016, having joined the Mercedes-Benz board in 2015 as head of promoting and gross sales. 

Källenius will probably be changed by head of manufacturing and provide chain administration Markus Schäfer. 

Learn extra: 

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Mercedes boss Zetsche: we are going to keep forward of rivals

Mercedes boss requires Europe-wide emissions rules for automobiles

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