Supervisory Board appoints Martin Daum as Member of the Board of Management for Daimler Trucks & Buses

STUTTGART, Germany, Feb. 27, 2017 /PRNewswire/ --

• Appointment effective as of March 1, 2017 for five years
• Chairman of the Supervisory Board Dr. Manfred Bischoff: "With Martin Daum, we are appointing a very successful and experienced executive to the Board of Management as Head of the Daimler Trucks and Daimler Buses divisions."

In a meeting held today, the Supervisory Board of Daimler AG appointed Martin Daum (57) as the Member of the Board of Management with responsibility for the Daimler Trucks and Daimler Buses divisions effective as of March 1, 2017. The appointment is for a period of five years. He succeeds in this position to Dr. Wolfgang Bernhard, who is leaving the company of his own volition and for personal reasons.

"With Martin Daum, we are appointing a very successful and experienced executive to the Board of Management as Head of the Daimler Trucks and Daimler Buses divisions," stated Dr. Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG. "He looks back on 20 years of experience in the industry and knows the cyclical commercial-vehicle business from all perspectives. We are convinced that he will successfully meet the upcoming challenges in the next years, continue along the successful path of Daimler Trucks & Buses and further strengthen their worldwide leading positions."

"With Martin Daum and his international management experience, the right course is being set at the top of Daimler Trucks & Buses for the long term," stated Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. The important commercial-vehicle business in the US and in the NAFTA region has developed very successfully under the leadership of Martin Daum and is of key importance to the Daimler Group.

Since June 2009, Martin Daum has been President and Chief Executive Officer of Daimler Trucks North America (DTNA) and its affiliated companies Freightliner Trucks, Western Star Trucks, Thomas Built Buses, Freightliner Custom Chassis Corporation and Detroit Diesel Corporation. Before that, he was a member of the management of Mercedes-Benz Trucks in Europe as Vice President Production Mercedes-Benz Trucks, and at the same time was responsible for the Mercedes-Benz plant in Wörth, the world's biggest truck plant. Daum started his career in the trainee executive group of the Daimler-Benz AG in 1987.

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 biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance, financial investments, credit cards, and 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, Daimler continues to shape the future of mobility today:
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 alternative drive trains with the long-term goal of emission-free driving: from hybrid vehicles to electric vehicles powered by battery or fuel cell. Furthermore, the company follows a consistent path towards accident-free driving and intelligent connectivity all the way to autonomous driving. 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, 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 2016, the Group sold around 3 million vehicles and employed a workforce of 282,488 people; revenue totalled €153.3 billion and EBIT amounted to €12.9 billion.

SOURCE Daimler North America - Corporate Communications

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