Supervisory Board of Daimler AG extends contract with Dr. Wolfgang Bernhard
- New contract runs until February 28, 2018
- Dr. Manfred Bischoff: "We look forward to continuing the excellent
cooperation with Wolfgang Bernhard in the Board of Management of Daimler AG
and as a member of the Mercedes-Benz Cars team."
STUTTGART, Germany, April 27, 2012
STUTTGART, Germany, April 27, 2012 /PRNewswire/ --In its meeting today, the
Supervisory Board of Daimler AG extended the contract of Dr. Wolfgang
Bernhard, a member of the Board of Management of Daimler, until February 28,
Dr. Wolfgang Bernhard has been a member of the Board of Management of Daimler
AG since February 18, 2010. In that function, he is responsible for
Manufacturing and Procurement Mercedes-Benz Cars and for the entire
Mercedes-Benz Vans division.
"We look forward to continuing the excellent cooperation with Wolfgang
Bernhard in the Board of Management of Daimler AG and as a member of the
Mercedes-Benz Cars team. This management continuity is important for the
ongoing consistent implementation of the division's strategy and for the
achievement of our corporate goals," stated Dr. Manfred Bischoff, Chairman of
Daimler's Supervisory Board.
Wolfgang Bernhard's contract of service would have expired in February 2013.
Pursuant to Section 84 Subsection 1 of the German Stock Corporation Act
(AktG), the Supervisory Board decides on reappointment after the beginning of
the last year of a Board of Management member's current period of office.
Dr. Bernhard was born inBoehen (in Germany's Allgaeu region) on September 3,
1960. After completing high school in Bavaria, he studied at the Technical
University of Darmstadt from 1980 until 1986, graduating as an industrial
engineer with the special subject of electrical engineering. From 1987 until
1988, he studied at Columbia University in New York, where he gained an MBA
(Master of Business Administration). After that, he studied at the Johann
Wolfgang Goethe University in Frankfurt from 1988 until 1990, obtaining a
doctorate on the subject of international exchange-rate risks.
Previous positions at the company:
oHead of the Mercedes-Benz Vans division, 2009
oMember of the Board of Management, COO Chrysler Group, DaimlerChrysler AG,
2002 – 2004
oDeputy Member of the Board of Management, COO Chrysler Group,
DaimlerChrysler AG, 2000
oChairman of the Management, Mercedes-AMG GmbH, 1999
oCenter Manager for S-Class Assembly at the Sindelfingen plant and
responsible for the start of the new S-Class, 1994
oProject Manager for reducing material costs and increasing productivity at
the assembly plants of Mercedes-Benz AG,
1992 – 1993
Dr. Bernhard's curriculum vitae and a photograph can be found on the Daimler
website at http://media.daimler.com/ms/board.
Further information from Daimler is available at: www.media.daimler.comand
This document contains forward-looking statements that reflect our current
views about future events. The words "anticipate," "assume," "believe,"
"estimate," "expect," "intend," "may," "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 worsening of the public debt crisis in the eurozone; a
deterioration of our funding possibilities on the credit and financial
markets; events of force majeure including natural disasters, acts of
terrorism, political unrest, industrial accidents and their effects on our
sales, purchasing, production or financial services activities; changes in
currency exchange rates; a shift in consumer preference towards smaller, lower
margin vehicles; or a possible lack of acceptance of our products or services
which limits our ability to achieve prices as well as to adequately utilize
our production capacities; price increases in 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 of companies in which we hold a significant
equity interest, most notably EADS; 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 governmental investigations and the
conclusion of pending or threatened future legal proceedings; and other risks
and uncertainties, some of which we describe under the heading "Risk Report"
in Daimler's most recent Annual Report. If any of these risks and
uncertainties materialize, or if the assumptions underlying any of our
forward-looking statements prove incorrect, then our 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. Any forward-looking statement speaks only as of the date on which
it is made.
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 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 to and fascinate its customers. For many
years now, Daimler has been investing continually in the development of
alternative drive systems with the goal of making emission-free driving
possible in the long term. So in addition to vehicles with hybrid drive,
Daimler now has the broadest range of locally emission-free electric vehicles
powered by batteries and fuel cells. 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 on five continents. Its
current brand portfolio includes, in addition to the world's most valuable
premium automotive brand, Mercedes-Benz, the brands smart, Maybach,
Freightliner, Western Star, BharatBenz, Fuso, Setra, Orion and Thomas Built
Buses. The company is listed on the stock exchanges of Frankfurt and Stuttgart
(stock exchange symbol DAI).
In 2011, the Group sold 2.1 million vehicles and employed a workforce of more
than 271,000 people; revenue totaled euro 106.5 billion and EBIT amounted to
euro 8.8 billion.
SOURCE Daimler Corporate Communications
Press spacebar to pause and continue. Press esc to stop.