Daimler Supervisory Board extends contract of service of Wilfried Porth

STUTTGART, Germany, July 27, 2011 /PRNewswire/ -- In its meeting today, the Supervisory Board of Daimler AG extended the contract of service of Wilfried Porth, Daimler's Board of Management Member for Human Resources and Director of Labor Relations, until April 30, 2017.

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Wilfried Porth has been a member of the Board of Management of Daimler AG since April 8, 2009 and is responsible for Human Resources; at the same time, he is the company's Director of Labor Relations. In addition, he is responsible for IT and Procurement of Non-Production Materials and Services.

Wilfried Porth's contract would have expired at the end of April 2012. In accordance with Section 84 Subsection 1 of the German Stock Corporation Act (AktG), the Supervisory Board makes a decision on a reappointment after the beginning of the last year of the respective period of service.

Wilfried Porth was born in Baden-Baden on February 2, 1959. He studied mechanical engineering at the University of Stuttgart from 1981 to 1985 and graduated as an engineer. He joined the then Daimler-Benz AG as a planning engineer in 1985.

His previous positions in the company include:

• Executive Vice President, MB Vans, 2006
• Executive Vice President, CEO Mitsubishi Fuso Truck & Bus Corp. (MFTBC) Japan, 2003
• Vice President, Executive Management Development, DCAG Headquarters, 2000
• Management Board Member Manufacturing, MB South Africa, 1997
• Head of Bus Production, MB do Brasil, 1994
• Corporate Secretary, MBAG Headquarters, 1992

A curriculum vitae and a photograph can be found on the Daimler website at http://media.daimler.com/ms/vorstand.

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 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, most notably EADS; 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

The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. 125 years later, in anniversary year 2011, 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 its customers with a full range of automotive financial services including financing, leasing, insurance and fleet management. As an automotive pioneer, Daimler continues to shape the future of mobility. The Group applies innovative and green technologies to produce safe and superior vehicles which fascinate and delight its customers. With the development of alternative drive systems, Daimler is the only vehicle producer investing in all three technologies of hybrid drive, electric motors and fuel cells, with the goal of achieving emission-free mobility in the long term. 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. In addition to Mercedes-Benz, the world's most valuable automotive brand, Daimler's brand portfolio includes smart, Maybach, Freightliner, Western Star, BharatBenz, Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In the year 2010, the Daimler Group sold 1.9 million vehicles and employed a workforce of more than 260,000 people; revenue totaled euro 97.8 billion and EBIT amounted to euro 7.3 billion.

SOURCE Daimler Corporate Communications