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2014

Reorganization of Daimler Board of Management

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STUTTGART, Germany, Jan. 28, 2014 /PRNewswire/ -- 

  • Markus Schaefer appointed member of the divisional board of Mercedes-Benz Cars for manufacturing and procurement
  • Andreas Renschler leaves the company of his own accord and by mutual consent
  • Wilfried Porth, Board of Management Member for Human Resources and Labor Relations Director, assumes additional responsibility for Mercedes-Benz Vans

Markus Schaefer (48), currently responsible for vehicle production planning at Mercedes-Benz Cars, has been appointed as a member of the divisional board of Mercedes-Benz Cars with responsibility for manufacturing and procurement. He thus takes over the functions of Andreas Renschler, who is leaving the company of his own accord and by mutual consent. Andreas Renschler will cease working with immediate effect. The Supervisory Board of Daimler AG unanimously approved the termination of his contract of service.

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

Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: "During his time as a member of the Board of Management of Daimler AG, Andreas Renschler gave our commercial vehicles business a global reach. In addition, in his function as Board of Management Member for Manufacturing and Procurement Mercedes-Benz Cars, he managed the ramp-up of the new S-Class in an outstanding manner and prepared our plants for the start of production of the new C-Class. I very much regret that he is leaving the company for personal reasons."

Markus Schaefer (48) is taking over responsibility for Manufacturing and Procurement Mercedes-Benz Cars. He has more than 20 years of experience in the field of manufacturing. Most recently, he was responsible for the production planning of Daimler's car business. Before that, Markus Schaefer was President and CEO of MB USI in Tuscaloosa, where the new C-Class will be produced for the North American market in the future.

"Markus Schaefer is a proven expert. His broad knowledge of our manufacturing and his international experience from his positions in the United States make him extremely well qualified for these tasks," stated Dieter Zetsche.

The Mercedes-Benz Vans division under Volker Mornhinweg will report in the future to Wilfried Porth, Board of Management Member for Human Resources and Labor Relations Director of Daimler AG. Wilfried Porth has extensive experience in the van business from his previous responsibilities.

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



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