According to German daily Handelsblatt, Daimler is poised to name Bernd Pischetsrieder, a former chief executive of rival BMW to its supervisory board next year.
As the company seeks to add managers with knowledge of the automotive industry, also Siemens’ new CEO Joe Kaeser and Bernd Bohr, the former chief of automotive supplier Robert Bosch’s car parts division, will also be added to the board.
The German daily Handelsblatt cited sources close to the supervisory board as revealing the new appointments, talking under condition of anonymity as the discussions are still private and a formal announcement will be made later.
The three prominent German managers are to replace former Philips CEO Gerard Kleisterlee, Lloyd Trotter and former Dresdner Bank CEO Bernhard Walter, who are due to retire from the board next year, the paper said. Daimler will also seek shareholder approval of the new appointments at its annual shareholders’ meeting on April 9, it also added.