Supervisory Board of Daimler AG extends contracts of Dr. Dieter Zetsche and Prof. Dr. Thomas Weber; Exchange of Board of

 Supervisory Board of Daimler AG extends contracts of Dr. Dieter Zetsche and
   Prof. Dr. Thomas Weber; Exchange of Board of Management responsibilities
             between Dr. Wolfgang Bernhard and Andreas Renschler

PR Newswire

STUTTGART, Germany, Feb. 21, 2013

STUTTGART, Germany, Feb. 21, 2013 /PRNewswire/ --

  oThree-year extensions for Dr. Zetsche and Prof. Weber until December 31,
    2016
  oAs of April 1, 2013: Andreas Renschler to be responsible for Production
    and Purchasing Mercedes-Benz Passenger Cars and Vans, Dr. Wolfgang
    Bernhard to be responsible for Daimler Trucks
  oDr. Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG:
    "With today's extensions of the contracts of Dieter Zetsche and Thomas
    Weber, we are maintaining the important continuity at the top executive
    level."

In its meeting today, the Supervisory Board of Daimler AG passed a unanimous
resolution to extend the contract of service of Dr. Dieter Zetsche, Chairman
of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, until
December 31, 2016. The contract of service of Prof. Dr. Thomas Weber, Board of
Management Member for Group Research and Mercedes-Benz Cars Development, was
also extended until December 31, 2016.

(Logo: http://photos.prnewswire.com/prnh/20080409/NYW017LOGO )

As of April 1, 2013, Andreas Renschler will assume Board of Management
responsibility for production and purchasing of Mercedes-Benz Passenger Cars &
Mercedes-Benz Vans. At the same time, Dr. Wolfgang Bernhard will assume Board
of Management responsibility for Daimler Trucks.

Dr. Dieter Zetsche has been a member of the Board of Management of Daimler AG
since December 16, 1998 and its Chairman since January 1, 2006. He is also
Head of the Mercedes-Benz Cars division.

Prof. Dr. Thomas Weber has been a member of the Board of Management of Daimler
AG since January 1, 2004 and is responsible for Group Research and
Mercedes-Benz Cars Development.

Andreas Renschler has been a member of the Board of Management of Daimler AG
and Head of Daimler Trucks since October 1, 2004. Dr. Wolfgang Bernhard has
been a member of the Board of Management of Daimler AG and Head of Operations
Mercedes-Benz Cars since February 18, 2010.

Dr. Manfred Bischoff: "The long-term orientation of the Group's leadership is
an essential factor for Daimler's sustained success. With today's extensions
of the contracts of Dieter Zetsche and Thomas Weber, we are maintaining the
important continuity at the top executive level."

"Dieter Zetsche and the Board of Management have a clear plan how to further
enhance Daimler's overall performance together with their team. Dieter Zetsche
is distinguished of course by his great experience, but also by his ability to
combine a feeling for cars with sound engineering knowledge and an
entrepreneurial approach," continued Dr. Bischoff.

"Research and development are two key areas in the automobile industry. I am
therefore delighted that we will continue the successful collaboration with
Thomas Weber. He will steadily continue to maintain Daimler's claim to
technological leadership," stated Dr. Bischoff.

"Wolfgang Bernhard and Andreas Renschler are two highly experienced members of
Daimler's Board of Management. With this change, they will both be able to
utilize their management know-how from their previous responsibilities within
in their new functions, thus expanding their own expertise in all automobile
areas" explained Dr. Bischoff.

The contracts of service of Dr. Zetsche and Prof. Dr. Weber would otherwise
have expired in December 2013. In accordance with Section 84 Subsection 1 of
the German Stock Corporation Act (AktG) and with the Rules of Procedure of the
Supervisory Board of Daimler AG, the Supervisory Board passes a resolution on
reappointments to the Board of Management at the beginning of the last year of
a member's current period of office.

Further information from Daimler is available at:
www.media.daimler.com and www.daimler.com

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 sovereign-debt crisis in the euro zone;
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; 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.

About Daimler
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, Freightliner,
Western Star, BharatBenz, Fuso, Setra and Thomas Built Buses. The company is
listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange
symbol DAI). In 2012, the Group sold 2.2 million vehicles and employed a
workforce of 275,000 people; revenue totaled €114.3 billion and EBIT amounted
to €8.6 billion.

SOURCE Daimler Corporate Communications

Website: http://www.daimler.com
Contact: Han Tjan +1-212-909-9063 or Joerg Howe +49 711 17-41341
 
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