Supervisory Board of Daimler AG Appoints Dr. Christine Hohmann-Dennhardt to the Board of Management and Extends Contract of Bodo Uebber

STUTTGART, Germany, Feb. 15, 2011 /PRNewswire/ -- In its meeting today, the Supervisory Board of Daimler AG appointed Dr. Christine Hohmann-Dennhardt as a member of the Board of Management in the newly created position with responsibility for Integrity and Legal Affairs for the period of February 16, 2011 until February 28, 2014. Her responsibilities will include the global compliance and legal organization, business ethics and the continued sustained anchoring of integrity and compliance throughout the entire company. The Supervisory Board has thus expanded the Board of Management to seven members, as previously announced on September 28, 2010.

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

In the same meeting, the Supervisory Board also extended the contract of service of Bodo Uebber, member of the Board of Management of Daimler AG responsible for Finance & Controlling and Daimler Financial Services, until December 31, 2014.

"Daimler strives to set the highest standards for compliance and integrity. The career of Dr. Hohmann-Dennhardt both as a judge and in positions with political responsibility is a good example of personal integrity and outstanding competence. This background and her leadership experience in other areas of society will enable her to make a significant contribution to help us achieve our goals. We are also extremely pleased that we can continue the excellent cooperation with Bodo Uebber," stated Dr. Manfred Bischoff, Chairman of Daimler's Supervisory Board.

Dr. Christine Hohmann-Dennhardt, born on April 30, 1950 in Leipzig, was a judge of the First Senate of the Federal Constitutional Court from January 1999 until February 2011. She was Hesse Minister of Science and the Arts from 1995 until 1999, and Hesse Minister of Justice from 1991 until 1995. Before that, she was director of the social court in Wiesbaden as well as a judge at the Social Courts of Frankfurt am Main, Wiesbaden and at the District Social Court in Darmstadt. She gained a doctorate in law at the Johann Wolfgang Goethe University in Frankfurt.

The Supervisory Board has extended the contract of Bodo Uebber until December 31, 2014. Bodo Uebber has been a member of the Board of Management of Daimler AG since December 16, 2003, and in this function has been responsible for Finance and Controlling and the Daimler Financial Services division since December 16, 2004. He is also Chairman of the Board of Directors of the European Aeronautic Defence and Space Company (EADS N.V.).

Bodo Uebber's contract would have expired in December 2011. Pursuant to Section 84 Subsection 1 of the German Stock Corporation Act (AktG), the Supervisory Board passes a resolution on a reappointment to the Board of Management after the beginning of the last year of a member's current period of office. The extension for three years as of January 1, 2012 is in line with Daimler's policy of concluding contracts of service with the Board of Management members for periods of three years; this applies to initial appointments as well as reappointments.

Curricula vitae and photographs can be found on Daimler's website: http://media.daimler.com/ms/vorstand

Further information on Daimler is available on the Internet: www.media.daimler.com

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 its customers with a full range of automotive financial services including financing, leasing, insurance and fleet management.

The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. 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 hybrid drive, electric motors and fuel-cell systems, 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. Its current brand portfolio includes, in addition to the world's most valuable automotive brand, Mercedes-Benz, the brands 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 2009, the Group sold 1.6 million vehicles and employed a workforce of more than 256,000 people; revenue totaled euro 78.9 billion and EBIT amounted minus euro 1.5 billion.

SOURCE Daimler Corporate Communications