Daimler CEO succession

Zetsche, 65, is one of the most respected names in the global auto industry and has led Daimler since it demerger from Chrysler in 2007, driving the group to record sales and reestablishing the Mercedes brand after years of concerns over quality and performance.

Daimlers head of development, Ola Kaellenius, will replace Dieter Zetsche as CEO

#Daimler nimmt sein Corporate Blog ernst: Der #CEO Dieter Zetsche kündigt in einem Blogartikel seinen Rücktritt für 2019 an. via @sascha_p

Daimler AG  (DMLRY) said Wednesday that long-serving CEO Dieter Zetsche would step down as CEO of the luxury automaker next year, and move to the supervisory board, in order to make room for new boss Ola Kaellenius in one of the biggest management shakeups for the iconic German group in decades.

Big changes @Daimler. Dieter #Zetsche is leaving big shoes to fill. But Ola #Källenius is a fast learner. And Markus #Schäfer is an excellent choice. Congrats to a great succession planning!

With Dieter Zetsche's intended appointment as Chairman of the Supervisory Board, we are ensuring continuity for the sustained success of Daimler AG.

Part of Zetsche's retirement includes a two-year cooling-off period before taking over the chairman position on Daimler's supervisory board currently held by Manfred Bischoff, who plans to step down in 2021.

#Daimler sets its course for the future: Dieter #Zetsche to succeed Manfred Bischoff in the Supervisory Board – Ola Källenius to become Chairman of the Board of Management of Daimler AG in 2019. 👉 #MercedesBenz #CEO

"In Ola Källenius," Bischoff added, "we are appointing a recognized, internationally experienced and successful Daimler executive as Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

#Daimler stellt Weichen für die Zukunft: Dieter #Zetsche als Nachfolger von Manfred Bischoff im Aufsichtsrat vorgesehen - Ola Källenius wird 2019 Vorstandsvorsitz der Daimler AG übernehmen #MercedesBenz #CEO

Marijan Murat/AFP/Getty Images "As a long-standing member of the Board of Management and Chairman of the Board of Management, Dieter Zetsche has played a key role in shaping Daimler AG and has ensured its strategically outstanding positioning for the mobility of the future," Bischoff said in a statement.

++Eilmeldung++ #Daimler-Vorstandschef Dieter #Zetsche gibt seinen Posten im Mai 2019 auf. Sein Nachfolger soll Entwicklungschef Ola Källenius werden.

The new Daimler profit outlook marks a stark contrast to its early 2018 optimism, when it said worldwide car demand "continued to develop favorably in the first quarter and increased slightly" and noted that U.S. demand for cars and light trucks rose 2% from the same period last year.

German carmaker Daimler has announced Ola Källenius will replace Dieter Zetsche as head of Mercedes Benz in 2019. It will be the company’s first non-German CEO. CNNs @Hadas_Gold reports on @FirstMove with @JChatterleyCNN

BMW shares extended their decline Wednesday, falling a further 1.9% to €77.51 each, a move that takes its year-to-date decline past 10.7% Earlier this summer, Daimler said fewer-than-expected Mercedes SUV sales, as well as higher costs that can't be passed on to customers, need to be factored in to its new 2018 earnings projections "because of increased import tariffs for US vehicles into the Chinese market."

#Daimler ist heute weiblicher, internationaler, jünger als jemals zuvor, schreibt Dieter #Zetsche zu seinem bevorstehenden Abschied. Weiblicher? In der Pressemeldung geht es jedenfalls nur um die neuen Karriereschritte von Männern.