In its meeting on February 17, the supervisory board of Daimler AG extended the contract of Dr. Dieter Zetsche, chairman of the board of management of Daimler AG and head of Mercedes-Benz Cars, until December 31, 2013. The contract of Dr. Thomas Weber, board of management member for group research and Mercedes-Benz Cars Development, was also extended until December 31, 2013. Furthermore, the board of management will once again consist of six members. Dr. Wolfgang Bernhard has been appointed to the newly created position for Mercedes-Benz Cars Production and Procurement as well as the Mercedes-Benz Vans division with immediate effect, meaning as of February 18, 2010. He is appointed until the end of February 2013.
Zetsche has been a member of the Daimler board of management since December 16, 1998 and chairman of the board since January 1, 2006. He is also head of the Mercedes-Benz Cars division. Weber has been a member of the Daimler board since January 1, 2003, with responsibility for Group Research and Mercedes-Benz Cars Development since May 1, 2004.
The contracts of Zetsche and Weber would have expired in December 2010. In accordance with Section 84, Subsection 1 of the German Stock Corporation Act (AktG), the supervisory board makes a decision on reappointment after the beginning of the last year of office. The three-year extension effective as of January 1, 2011, reflects Daimler's general policy to conclude contracts for a period of three years, in case of both initial appointments and reappointments.
Bernhard has been appointed as an additional member of the board of management. Bernhard, who became head of Daimler's Mercedes-Benz Vans division in April 2009, assumes board of management responsibility for Mercedes-Benz Cars Production and Procurement as well as for the Mercedes-Benz Vans division. A successor for his current position will be appointed soon.
About Daimler
Daimler AG, Stuttgart, with its businesses Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, is a globally leading producer of premium passenger cars and the global market leader of heavy- and medium-duty trucks as well as buses.
