Daimler chairman wants sales chief as next CEO image

According to a German magazine, Daimler sales chief Ola Kaellenius could be the next company’s chief executive, but he will have to wait three more years.

Daimler sales chief Ola Kaellenius could be in line to become the carmaker’s chief executive, but not for several years, as incumbent Dieter Zetsche may have his contract extended by three years through 2019, a German magazine reported. Citing unnamed sources at the company, Manager Magazin said Daimler Chairman Manfred Bischoff wants Kaellenius to become CEO as he pushes a younger generation of managers on to the executive board. Zetsche had its contract also renewed back in 2013 by a lower than usual three-year period after the company’s mighty labor representatives started adding pressure.

Yet Zetsche won the backing from Bischoff and labor unions at the carmaker’s shareholder conference in April to have his contract extended. Kaellenius, 46, should replace Zetsche when the top job is up for grabs again, the magazine said, adding that Bischoff’s goal to gradually rejuvenate the management board could also lead to one of the two younger executives at Daimler’s luxury division Mercedes-Benz, Markus Schaefer and Klaus Zehender, to rise to the group executive board.

Zetsche, 62, joined Daimler-Benz in 1976, working in the research department. He is the Chairman of the Board of Directors of Daimler AG and Head of Mercedes-Benz Cars since 2006, as well as member of the company’s Board since 1998.

Via Reuters