Daimler India Commercial Vehicles appoints Alexander Schoen as CFO

Daimler India Commercial Vehicles (DICV), the wholly owned subsidiary of Daimler Truck AG on Thursday announced the appointment of Alexander Schoen as its Chief Financial Officer, from March 1, 2024. He replaces Manish Thakore, who has moved to Daimler Truck Financial Services North America as Director of Special Projects.

The company in a statement stated that in his new role, Schoen will be responsible for steering DICV's financial strategies, enhancing operational efficiencies and supporting the company’s growth objectives. He will play a pivotal role in fostering strategic partnerships, optimizing financial performance, and ensuring the financial sustainability of DICV in this competitive market.

Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles said, " As we navigate DICV towards the future, his (Schoen's) extensive experience within Daimler Truck’s global network, leadership in financial operations and strategic vision for growth will take the company to new heights"

Schoen started his career in 1999, demonstrating a keen ability to lead financial operations, manage complex projects, and drive efficiency improvements across the board. His contributions have spanned from project controlling in Kassel to leading financial operations in Tokyo and Gaggenau, and most notably as CFO of Daimler Truck Mexico, the statement adds.

Alexander Schoen, Chief Financial Officer of Daimler India Commercial Vehicles said, " The Indian Commercial Vehicles industry is on a progressive path contributing to the fast-paced economic development the country is under. I look forward to leveraging my global experience to shape DICV’s financial excellence, generate value for our stakeholders and support our pursuit of Growth and Sustainability."

Daimler India Commercial Vehicles operating under the umbrella of Daimler Truck Asia, is a full-fledged commercial vehicle player in India with a brand dedicated to its home market: BharatBenz. DICV produces and sells trucks from 10 to 55 tons, as well as BharatBenz buses, Mercedes-Benz coaches, and bus chassis. DICV’s manufacturing plant at Oragadam near Chennai spreads over 400 acres including a highly modern test track and is home to the company’s headquarters, R&D, and training operations. With one global quality standard, it also produces Daimler Trucks’ brands of FUSO, Mercedes-Benz, and Freightliner. Products and parts are exported to more than 60 markets in Africa, Asia, Latin America, and the Middle East. DICV represents an overall investment of more than Rs 9,560 crores.