STUTTGART, Germany, April 27, 2012 /PRNewswire/ -- In its meeting today, the Supervisory Board of Daimler AG extended the contract of Dr. Wolfgang Bernhard, a member of the Board of Management of Daimler, until February 28, 2018.
Dr. Wolfgang Bernhard has been a member of the Board of Management of Daimler AG since February 18, 2010. In that function, he is responsible for Manufacturing and Procurement Mercedes-Benz Cars and for the entire Mercedes-Benz Vans division.
"We look forward to continuing the excellent cooperation with Wolfgang Bernhard in the Board of Management of Daimler AG and as a member of the Mercedes-Benz Cars team. This management continuity is important for the ongoing consistent implementation of the division's strategy and for the achievement of our corporate goals," stated Dr. Manfred Bischoff, Chairman of Daimler's Supervisory Board.
Wolfgang Bernhard's contract of service would have expired in February 2013. Pursuant to Section 84 Subsection 1 of the German Stock Corporation Act (AktG), the Supervisory Board decides on reappointment after the beginning of the last year of a Board of Management member's current period of office.
Dr. Bernhard was born in Boehen (in Germany's Allgaeu region) on September 3, 1960. After completing high school in Bavaria, he studied at the Technical University of Darmstadt from 1980 until 1986, graduating as an industrial engineer with the special subject of electrical engineering. From 1987 until 1988, he studied at Columbia University in New York, where he gained an MBA (Master of Business Administration). After that, he studied at the Johann Wolfgang Goethe University in Frankfurt from 1988 until 1990, obtaining a doctorate on the subject of international exchange-rate risks.
Previous positions at the company:
Head of the Mercedes-Benz Vans division, 2009
Member of the Board of Management, COO Chrysler Group, DaimlerChrysler AG, 2002 – 2004
Deputy Member of the Board of Management, COO Chrysler Group, DaimlerChrysler AG, 2000
Chairman of the Management, Mercedes-AMG GmbH, 1999
Center Manager for S-Class Assembly at the Sindelfingen plant and responsible for the start of the new S-Class, 1994
Project Manager for reducing material costs and increasing productivity at the assembly plants of Mercedes-Benz AG, 1992 – 1993
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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, 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 2011, the Group sold 2.1 million vehicles and employed a workforce of more than 271,000 people; revenue totaled euro 106.5 billion and EBIT amounted to euro 8.8 billion.