Daimler signs CFO to stay until 2019 image

The German automaker Daimler, parent of Mercedes-Benz premium brand, has decided to extend by five years the contract of its Chief Financial Officer Bodo Uebber.

Daimler has announced in a statement that Uebber, 54, will remain in charge of the manufacturer’s funding, overseeing finance, mergers and acquisitions through 2019. Dieter Zetsche, the company’s CEO, spearheads Mercedes-Benz’s return to the top spot in global premium-auto sales that was lost to BMW in 2011.

“We are delighted to continue the excellent cooperation with Bodo Uebber,” who is an “outstanding CFO,” Supervisory Board Chairman Manfred Bischoff said in the statement. “Daimler is soundly financed and has very good access to, and a very good reputation in, the capital market.”

Uebber, who started his career in 1985 at aerospace company Messerschmitt-Boelkow-Blohm, later bough by Daimler, has become a board member since December 2003 and CFO since late 2004. Among his more prominent feats stands the 9 billion-euro ($12.4 billion) credit line won from 40 banks last year and the stakes bought in several partners – like Beijing Automotive Group Co.’s auto unit or in known electric carmaker Tesla.

Via Bloomberg