Supervisory Board appoints Harald Wilhelm as member of the Board of Management of Daimler AG
STUTTGART, Germany, Feb. 13, 2019 /PRNewswire/ --
- Harald Wilhelm to become member of the Board of Management of Daimler AG with responsibility for Finance & Controlling and Daimler Financial Services division
- Appointment of Wilhelm as of April 1, 2019 for three years
- Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG: "Harald Wilhelm is a successful Chief Financial Officer with an excellent reputation in the capital markets and a lot of experience in a renowned international company."
- Bodo Uebber to step down from the Board of Management by mutual agreement at the end of the Annual Shareholders' Meeting on May 22, 2019
The Supervisory Board of Daimler AG has appointed Harald Wilhelm as member of the company's Board of Management. Effective as of April 1, 2019, he will join the Board of Management without direct responsibilities and will assume Board of Management responsibility for Finance & Controlling and the Daimler Financial Services division at the end of the Annual Shareholders' Meeting on May 22, 2019. The appointment has been made for a period of three years.
"Harald Wilhelm is a successful Chief Financial Officer with an excellent reputation in the capital markets and a lot of experience in a renowned international company," said Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG. "With his longstanding and international expertise, Harald Wilhelm will provide outstanding support to Daimler in its transformation into a mobility provider and will drive this strategic change. We are also taking account of the growing importance of capital markets and investors with the appointment of Harald Wilhelm as Chief Financial Officer. At the same time, we are continuing the generational change in the Board of Management that has already started."
The Supervisory Board plans the change of Chairman of the Management Board to take place at the end of the 2019 Annual Shareholders' Meeting. Effective at that time, Dieter Zetsche will step down from his position as Chairman of the Board of Management of Daimler AG and as Head of Mercedes-Benz Cars. Ola Källenius will then be appointed Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars for a period of five years.
Harald Wilhelm is currently Chief Financial Officer of Airbus and member of the Executive Committee of Airbus. He has held these functions since June 2012. Since February 2008 he has held the role of Airbus Commercial Aircraft CFO. Previously, he was Airbus Commercial Aircraft Chief Controlling Officer and deputy to the Chief Financial Officer, a position to which he was appointed on January 1, 2007. Prior to that, he was Senior Vice President Financial Control at Airbus Commercial Aircraft, a role he held from 2003 to 2006. Wilhelm joined Airbus Commercial Aircraft in 2000 as Senior Vice President, Accounting, Tax and Financial Services.
Prior to joining Airbus, Wilhelm had been Vice President M&A (Mergers & Acquisitions) at DaimlerChrysler Aerospace from 1998, where he worked on projects including the integration of Airbus into a single company. Prior to that, he had been Senior Manager M&A at Daimler-Benz Aerospace from 1995 to 1998 and Manager M&A for the same company between 1992 and 1993.
Born in April 1966 in Munich, Wilhelm has a degree in Business Studies from Ludwig Maximilian University in Munich. He is married and has one daughter.
The distribution of responsibilities within the Board of Management for Finance & Controlling and Daimler Financial Services will remain unchanged after the new appointment. Bodo Uebber has been responsible for these tasks since December 2004. Uebber decided not to extend his contract with Daimler AG, which runs until the end of 2019. He will step down from the Board of Management by mutual agreement at the end of the Annual Shareholders' Meeting on May 22, 2019. "We would like to thank Bodo Uebber for his many years of successful work and wish him all the best for the future," said Bischoff.
This document contains forward-looking statements that reflect our current views about future events. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "can," "could," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates and tariff regulations; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk and Opportunity Report" in the current Annual Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.
Daimler at a Glance
Daimler AG is one of the world's most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world's largest producer of trucks above 6 tons. Daimler Financial Services provides financing, leasing, fleet management, investment products and brokerage of credit cards and insurance, as well as innovative mobility services. The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, it is a motivation and commitment of Daimler to shape safely and sustainably the future of mobility: The Group's focus is on innovative and green technologies as well as on safe and superior automobiles that appeal and fascinate. Daimler consequently invests in the development of efficient drive trains with the long-term goal of locally emission-free driving: from hightech combustion engines about hybrid vehicles to electric drive trains powered by battery or fuel cell. Furthermore, the company follows a consistent path towards intelligent connectivity of its vehicles, autonomous driving and new mobility concepts. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities in Europe, North and South America, Asia, and Africa. Its current brand portfolio includes, in addition to the world's most valuable premium automotive brand, Mercedes-Benz (Source: Interbrand-Study, 10/4/2018), as well as Mercedes-AMG, Mercedes-Maybach and Mercedes me, the brands smart, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses, and Daimler Financial Services' brands: Mercedes-Benz Bank, Mercedes-Benz Financial Services, Daimler Truck Financial, moovel, car2go and mytaxi. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In 2018, the Group sold 3.4 million vehicles and employed a workforce of around 298,700 people. Group revenue amounted to €167.4 billion. Group EBIT amounted to €11.1 billion.
SOURCE Daimler North America - Corporate Communications
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