Daimler AG extends Dieter Zetsche’s contract by three years image

The Supervisory Board of Daimler AG passed a unanimous resolution to extend the contract of Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, until December 31, 2016.

A member of the Board of Management of Daimler AG since December 16, 1998 and its Chairman since January 1, 2006, Dr. Dieter Zetsche is also Head of the Mercedes-Benz Cars division. The contract of Prof. Dr. Thomas Weber, Board of Management Member for Group Research and Mercedes-Benz Cars Development, was also extended until December 31, 2016.

As of April 1, 2013, Andreas Renschler will assume Board of Management responsibility for production and purchasing of Mercedes-Benz Passenger Cars & Mercedes-Benz Vans. At the same time, Dr. Wolfgang Bernhard will assume Board of Management responsibility for Daimler Trucks.

“Dieter Zetsche and the Board of Management have a clear plan how to further enhance Daimler’s overall performance together with their team. Dieter Zetsche is distinguished of course by his great experience, but also by his ability to combine a feeling for cars with sound engineering knowledge and an entrepreneurial approach,” said Dr. Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG.

Zetsche’s contract would have expired in December 2013.