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

Thu Feb 21, 2013 9:28am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130221:nPnNY64061


STUTTGART, Germany,  Feb. 21, 2013  /PRNewswire/ --

* 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."

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.  

(Logo:  http://photos.prnewswire.com/prnh/20080409/NYW017LOGO  )

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.

Further information from Daimler is available at:  
www.media.daimler.com  and  www.daimler.com

This document contains forward-looking statements that reflect our current views
about future events. The words "anticipate," "assume," "believe," "estimate,"
"expect," "intend," "may," "plan," "project," "should" and similar expressions
are used to identify forward-looking statements. These statements are subject to
many risks and uncertainties, including an adverse development of global
economic conditions, in particular a decline of demand in our most important
markets; a worsening of the sovereign-debt crisis in the euro zone; a
deterioration of our funding possibilities on the credit and financial markets;
events of force majeure including natural disasters, acts of terrorism,
political unrest, industrial accidents and their effects on our sales,
purchasing, production or financial services activities; changes in currency
exchange rates; a shift in consumer preference towards smaller, lower margin
vehicles; or a possible lack of acceptance of our products or services which
limits our ability to achieve prices as well as to adequately utilize our
production capacities; price increases in fuel or raw materials; disruption of
production due to shortages of materials, labor strikes, or supplier
insolvencies; a decline in resale prices of used vehicles; the effective
implementation of cost-reduction and efficiency-optimization measures; the
business outlook of companies in which we hold a significant equity interest;
the successful implementation of strategic cooperations and joint ventures;
changes in laws, regulations and government policies, particularly those
relating to vehicle emissions, fuel economy and safety; the resolution of
pending governmental investigations and the conclusion of pending or threatened
future legal proceedings; and other risks and uncertainties, some of which we
describe under the heading "Risk Report" in Daimler's most recent Annual Report.
If any of these risks and uncertainties materialize, or if the assumptions
underlying any of our forward-looking statements prove incorrect, then our
actual results may be materially different from those we express or imply by
such statements. We do not intend or assume any obligation to update these
forward looking statements. Any forward-looking statement speaks only as of the
date on which it is made.

About Daimler
Daimler AG is one of the world's most successful automotive companies. With its
divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses
and Daimler Financial Services, the Daimler Group is one of the biggest
producers of premium cars and the world's biggest manufacturer of commercial
vehicles with a global reach. Daimler Financial Services provides financing,
leasing, fleet management, insurance and innovative mobility services. The
company's founders, Gottlieb Daimler and  Carl Benz, made history with the
invention of the automobile in the year 1886. As a pioneer of automotive
engineering, Daimler continues to shape the future of mobility today: The
Group's focus is on innovative and green technologies as well as on safe and
superior automobiles that appeal to and fascinate its customers. For many years
now, Daimler has been investing continually in the development of alternative
drive systems with the goal of making emission-free driving possible in the long
term. So in addition to vehicles with hybrid drive, Daimler now has the broadest
range of locally emission-free electric vehicles powered by batteries and fuel
cells. This is just one example of how Daimler willingly accepts the challenge
of meeting its responsibility towards society and the environment. Daimler sells
its vehicles and services in nearly all the countries of the world and has
production facilities on five continents. Its current brand portfolio includes,
in addition to the world's most valuable premium automotive brand,
Mercedes-Benz, the brands smart, Freightliner, Western Star, BharatBenz, Fuso,
Setra and Thomas Built Buses. The company is listed on the stock exchanges of 
Frankfurt  and  Stuttgart  (stock exchange symbol DAI). In 2012, the Group sold
2.2 million vehicles and employed a workforce of 275,000 people; revenue totaled
€114.3 billion and EBIT amounted to €8.6 billion.

SOURCE  Daimler Corporate Communications


Han Tjan +1-212-909-9063 or Joerg Howe +49 711 17-41341

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.