Report – Daimler’s China chief to remain in place image

According to a recent report coming from German newspaper Frankfurter Allgemeine Sonntagszeitung, Daimler – the parent company of Mercedes-Benz, the third largest premium automaker in the world – is ready to extend the contract of the China unit boss – Hubertus Troska.

The daily announced in a report that Daimler’s supervisory board is going to extend the contract of the top executive during a scheduled February meeting, but declined to name the sources – most likely insiders that declined to reveal their identity because they are not allowed to discuss internal affairs with the media. Troska, aged 54, is currently also a member of Daimler’s management board and is also seen as one of the top candidates to replace Dieter Zetsche as Daimler’s chief executive officer, according to another report, coming from Bloomberg and released last month.

According to the Frankfurter Allgemeine Sonntagszeitung paper, Troska’s deal with the German automaker was approaching its expiration date, set for sometimes later this year. He joined the company back in 1988 and since 2012 was tasked to bring back to life the troubled China division – Mercedes-Benz lagged both main rivals – Audi and BMW – on what is today the world’s largest auto market and the second-biggest when talking only about the luxury segment. Today, Daimler is increasingly optimistic about its Chinese strategy, with its Mercedes-Benz Cars division (Mercedes and Smart) managed to surpass the overall premium segment growth and posted deliveries that jumped 30% to a record 281,588 cars last year.

Via Automotive News Europe