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Diamler Group will have change at the top- Dieter Zetsche will hands over his position to Ola Källenius

The Annual Shareholders’ Meeting of Daimler AG at the Berlin Expo Center is to make key strategic decisions

The shareholders will vote on a new Group structure with the transformation of the automotive divisions into legally independent entities and Daimler AG as the parent company. The agenda also includes the further transformation of the vehicle manufacturer into a provider of mobility services and the growing importance of sustainability for a successful business model. At the end of the Annual Shareholder’s Meeting, Dr. Dieter Zetsche, Chairman of the Board of Management for many years, will hand over to his successor, Ola Källenius, who will continue to develop Daimler from its strong core business with a partially renewed management team.

“Daimler has made significant progress in recent years, although we are not satisfied with the latest quarterly results and the share price,” said Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, at the Annual Shareholders’ Meeting. Looking back, Daimler has gone through different phases. “For a time, we were active troubleshooters and we refocused the company on what we do best: vehicles that convince rationally and inspire emotionally. Then we went on the offensive. With Mercedes-Benz we wanted to lead the premium segment by 2020. We have been Number One since 2016. In the commercial vehicles segment, we were able to further build on our leading position. This offensive was not an end in itself. With it, we have built up the strength we need in order to take on the leading role for the much greater task: the transformation of the automotive industry. To do so, we have initiated the greatest change in our history. This transformation is in full swing and it encompasses our products and technologies as well as our business model and corporate culture.”

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