Daimler AG’s Dr Zetsche gets extension till 2016, Renschler to head car production, purchase

February 22, 2013: Daimler AG has made a number of top-level announcements. The Supervisory Board of Daimler AG passed a unanimous resolution to extend the contract of Dr Dieter Zetsche, chairman, and the head of Mercedes-Benz Cars, until December 31, 2016. The contract of service of Prof Dr Thomas Weber, Board member in charge of Group Research and Mercedes-Benz Cars Development, has also been extended until December 31, 2016.

As of April 1, 2013, Andreas Renschler will assume the board of management responsibility for production and purchasing of Mercedes-Benz cars and vans. At the same time, Dr Wolfgang Bernhard will assume similar responsibility for Daimler Trucks. Dr Zetsche has been a member of the board since December 16, 1998 and its chairman since January 1, 2006. He is also Head of the Mercedes-Benz Cars division. Prof Dr Weber has been a member of the board since January 1, 2004 and is responsible for Group Research and Mercedes-Benz Cars Development. Renschler has been a member of the Board of Management of Daimler AG and Head of Daimler Trucks since October 1, 2004. Dr Wolfgang Bernhard has been a member of the Board of Management of Daimler AG and Head of Operations Mercedes-Benz Cars since February 18, 2010.

Dr Manfred Bischoff said, “The long-term orientation of the Group’s leadership is an essential factor for Daimler’s sustained success. With today’s extensions of the contracts of Dieter Zetsche and Thomas Weber, we are maintaining the important continuity at the top executive level.”

The contracts of service of Dr Zetsche and Prof Dr Weber would otherwise have expired in December 2013.

Photographs: Dr Dieter Zetsche (left) and Andreas Renschler.