Management changes at Investor Relations and Daimler Greater China

STUTTGART, Germany, March 4, 2020 /PRNewswire/ --

• Steffen Hoffmann is to take over as Head of Investor Relations on April 1, 2020
• Olaf Schick is to take over Finance & Controlling at Daimler Greater China from Hoffmann
• Björn Scheib will continue his professional development outside Daimler and will leave the company as Head of Investor Relations by best mutual agreement

Daimler has appointed Steffen Hoffmann and Olaf Schick for two top positions in the finance department. After 11 years at the helm of Daimler AG's Investor Relations department, Björn Scheib will hand over responsibility to his successor Steffen Hoffmann on April 1, 2020. Scheib has decided to continue his professional development outside Daimler and will leave the company by best mutual agreement. Olaf Schick, currently Chief Compliance Officer, will follow Hoffmann as Head of Finance & Controlling Greater China as of July 1, 2020.

Harald Wilhelm, Member of the Board of Management of Daimler AG responsible for Finance & Controlling and Daimler Mobility: "With Steffen Hoffmann, we have been able to attract a well-established and experienced manager with very broad international experience to take charge of the Investor Relations department. His expertise in Finance & Controlling, his understanding of our company's global business models and his Group-wide network will be of great benefit in his new task of representing our Group adequately in the capital market."

Steffen Hoffmann has been Head of Finance & Controlling Greater China since June 2017. From 2011 to 2017, he was a member of the management board of EvoBus and Head of Finance & Controlling Daimler Buses. Previously, he held various management positions, mainly in Daimler's finance department. Hoffmann joined the then junior management group of Mercedes-Benz AG in 1996 after completing his studies in industrial engineering at the Technical University of Karlsruhe and his MBA at the University of Massachusetts in Dartmouth (USA).

Björn Scheib has held various positions at Investor Relations since 1999, and has been Head of the department since 2009. "We would like to thank Björn Scheib for his strong commitment, his loyalty and very successful contribution to Daimler, in particular by identifying and attracting new investors around the world. The digitization of Daimler's Investor Relations activities and the ongoing successful communication of Daimler's strategy towards analysts, investors and rating agencies must also be mentioned. We wish him the very best for the future, both professionally and privately," said Wilhelm.

Olaf Schick joined Daimler's Legal department in 2004. As a lawyer, he was involved in mergers and acquisitions, and from 2010 to 2015, was Head of the Mergers & Acquisitions department at Daimler Greater China. From 2015 to 2017, Schick served as Chief Financial Officer at Mercedes-Benz Russia, before being appointed to the position of Chief Compliance Officer.

"With Olaf Schick, a versed financial expert with many years of experience in the Chinese market takes over the management of Finance & Controlling at Daimler Greater China. Olaf Schick has great international expertise and has succeeded in modernizing and aligning the compliance department of Daimler AG globally. With his broad knowledge, he is a win for Daimler Greater China," said Wilhelm.

Daimler at a glance
Daimler AG is one of the world's most successful automotive companies. With its Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and Daimler Mobility divisions, the Group is one of the leading global suppliers of premium cars and one of the world's largest manufacturer of commercial vehicles. Daimler Mobility offers financing, leasing, fleet management, investments, credit card and insurance brokerage as well as innovative mobility services. The company founders, Gottlieb Daimler and Carl Benz, made history by inventing the automobile in 1886. As a pioneer of automotive engineering, Daimler sees shaping the future of mobility in a safe and sustainable way as both a motivation and obligation. The company's focus therefore remains on innovative and green technologies as well as on safe and superior vehicles that both captivate and inspire. Daimler continues to invest systematically in the development of efficient powertrains – from high-tech combustion engines and hybrid vehicles to all-electric powertrains with battery or fuel cell – with the goal of making locally emission-free driving possible in the long term. The company's efforts are also focused on the intelligent connectivity of its vehicles, autonomous driving and new mobility concepts. Daimler regards it as its aspiration and obligation to live up to its responsibility to society and the environment. Daimler sells its vehicles and services in nearly every country of the world and has production facilities in Europe, North and South America, Asia and Africa. In addition to Mercedes-Benz, the world's most valuable premium automotive brand (source: Interbrand study, 17 Oct. 2019), and Mercedes-AMG, Mercedes-Maybach and Mercedes me, its brand portfolio includes smart, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses as well as the brands of Daimler Mobility: Mercedes-Benz Bank, Mercedes-Benz Financial Services and Daimler Truck Financial. The company is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol DAI). In 2019, the Group had a workforce of around 298,700 and sold 3.3 million vehicles. Group revenues amounted to €172.7 billion and Group EBIT to €4.3 billion.

SOURCE Daimler North America - Corporate Communications

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