Daimler AG. Changes to the Board as the spin-off of Daimler Truck gets closer
«Daimler is facing a historic realignment with the goal of positioning its successful car and van activities as well as the world market leader Daimler Trucks & Buses as independent companies. This also includes having experienced members on the supervisory boards of both companies», said Bernd Pischetsrieder, Chairman of the Supervisory Board of Daimler AG.
Later in Autumn, Daimler AG shareholders will decide on the spin-off of Daimler Truck. In view of such an evolution, the German group announced some significant changes to the composition of its top managers. Marie Wieck and Joe Kaeser, current members of Daimler’s Supervisory Board, will give up their mandates focussing henceforth on the Supervisory Board of the stock-listed Daimler Truck, with the latter to be proposed as Chairman of Daimler Truck’s Supervisory Board.
On the other hand, Helene Svahn and Olaf Koch will be proposed to the shareholders as their replacements at the Supervisory Board of Daimler AG.
The spin-off of Daimler Truck: «a historic realignment»
«Daimler is facing a historic realignment with the goal of positioning its successful car and van activities as well as the world market leader Daimler Trucks & Buses as independent companies. This also includes having experienced members on the supervisory boards of both companies. I would like to thank Marie Wieck and Joe Kaeser for their excellent work on the Daimler Supervisory Board and I wish them every success on the new Supervisory Board of Daimler Truck. At the same time, I am delighted that with Helene Svahn and Olaf Koch, we have been able to recruit two excellent successors for the Daimler Supervisory Board», said Bernd Pischetsrieder, Chairman of the Supervisory Board of Daimler AG.
Daimler Truck has recently signed an agreement with Volvo Group and TRATON in order to promote and build an European charging network for e-trucks.
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The people involved
Joe Kaeser has already been a member of the Supervisory Board of Daimler Truck AG since April 2021. He will give up his mandate on the Supervisory Board of Daimler AG in October 2021. Marie Wieck, who has been member of the Supervisory Board of Daimler AG since 2018, will also resign in October 2021, and she will make her seat on the Supervisory Board of Mercedes-Benz AG available at the end of July 2021.
The Swede Helene Svahn was CEO of the listed Swedish commercial-vehicle supplier Haldex until June. She has also been a professor at KTH Royal Institute of Technology in Stockholm in the Department of Nanobiotechnology since 2008. She has a PhD in electrical engineering and a master’s degree in molecular biotechnology.
Following his studies of business management Olaf Koch started his management career at the then Daimler Benz AG and was Chief Financial Officer at the Mercedes-Benz Car Group of DaimlerChrysler AG from 2002 until 2007. He is currently Partner and Managing Director at the Zintinus GmbH.
