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Mercedez-Benz owner Daimler names new CEO

by Purvai Dua
26th Sep 18 9:59 am

Mercedes-Benz owner Daimler has today announced that its boss Dieter Zetsche will be stepping down next year from his position of chairman of the board of management and will be replaced by group research and Mercedes-Benz development boss, Ola Källenius.

Zetsche, who has been on the Daimler board since 1998, will step down after Daimler’s annual shareholder meeting on 22 May 2019. A two-year cooling-off period will follow, before Zetsche’s transfer to the supervisory board takes effect.

“In Ola Kallenius, we are appointing a recognized, internationally experienced and successful Daimler executive,” said Chairman Manfred Bischoff, who’ll be replaced by Zetsche in 2021, adding: “Dieter Zetsche has played a key role in shaping Daimler and has ensured its strategically outstanding positioning for the mobility of the future.”

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