Election of the Chairman and Members Representing the Shareholders to the Supervisory Board of Daimler AG

Mar 02, 2011, 09:00 ET from Daimler Corporate Communications

STUTTGART, Germany, March 2, 2011 /PRNewswire/ -- The Supervisory Board of Daimler AG has nominated its current Chairman, Dr. Manfred Bischoff, for reelection to the Supervisory Board for another five years. If he is reelected, Dr. Bischoff will once again be proposed as candidate for the Chair of the Supervisory Board.

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

The Supervisory Board has also nominated Ms. Petraea Heynike for election as a member for five years and Mr. Lynton R. Wilson for reelection for another two years. Dr. Manfred Schneider, who has been a member of the Supervisory Board since 1998 and whose period of office expires at the end of the Annual Shareholders' Meeting on April 13, 2011, will not stand for reelection.

A corresponding proposal will be made to the Annual Shareholders' Meeting in Berlin on April 13, 2011.

Dr. Manfred Bischoff (born in 1942) has been a member of the Supervisory Board of Daimler AG since 2006. He stepped down from the Board of Management of DaimlerChrysler AG in December 2003. He is also a member of the Supervisory Boards of Fraport AG, Royal KPN N.V. and Unicredit S.p.a.. He is the Chairman of the Supervisory Boards of Voith GmbH and SMS GmbH.

Lynton R. Wilson (born in 1940) has been a member of the Supervisory Board of Daimler AG since 1998. He is also the Chairman of the Board of CAE Inc. and is the Chancellor of McMaster University. He is a Founding Co-Chairman of Historica Foundation of Canada, Chairman of the Board of the Daimler Canadian Advisory Council and was Chairman of the Canadian Government's Competition Policy Review Panel. From 1992 until 1998, Lynton Wilson was Chairman and CEO of BCE Inc., and Chairman of the Board until 2000. From 2001 until 2005, he was Chairman of the Board of Nortel Networks Corporation.

Petraea Heynike (born in 1947) is Executive Vice President and member of the Executive Board of Nestle SA. She is also a member of the Boards of Life Ventures SA and Nutrition-Wellness Venture SA, both in Switzerland. In addition, she is a member of the Board of Beverage Partners Worldwide SA. Petraea Heynike will step down from her positions at the Nestle Group as of May 1, 2011.

Photographs of the candidates for election to the Supervisory Board representing the shareholders can be found on Daimler's website at http://media.daimler.com/ms/110302/e.

Further information from Daimler is available on the internet at: www.media.daimler.com und 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; 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 may limit our ability to implement prices as well as to adequately utilize our production capacities; price increases in fuel, 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, 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