Daimler proposes ex-BMW and Volkswagen CEO to lead supervisory board

Daimler AG’s supervisory board will propose Bernd Pischetsrieder be elected chairman to help navigate the maker of Mercedes-Benz luxury cars through a seismic industry transformation.

File photo: Logo of Daimler AG's Mercedes-Benz (REUTERS)
File photo: Logo of Daimler AG's Mercedes-Benz

The former chief executive officer of BMW AG and Volkswagen AG would replace Manfred Bischoff after the annual general meeting on March 31, Daimler said Thursday in a statement.

“Bernd Pischetsrieder is one of the most internationally recognized automotive experts," Bischoff said in the statement. “His expertise and wealth of experience are of outstanding importance for Daimler."

Also Read : Daimler-Nokia connected car dispute case referred to European Court

The world’s best-selling luxury-car maker and truck producer embarked on a major overhaul under CEO Ola Kallenius last year. The CEO’s strategy is focused on reviving returns by focusing more on bigger cars such as the flagship S-Class sedan and cutting thousands of jobs. He’s also forged new cooperations with peers and technology firms and plans to boost the company’s software operations.

First Published Date: 03 Dec 2020, 14:24 PM IST
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