Daimler Board to Extend CEO Zetsche’s Contract Through 2019
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Daimler AG’s supervisory board plans to prolong Chief Executive Officer Dieter Zetsche’s contract through 2019 as he leads a drive by the world’s third-biggest luxury-car maker to regain the industry’s top sales ranking.
“Based on our point of view today, it’s the unanimous intention of the board to extend Mr. Zetsche’s contract for another three years” when it convenes in early 2016, Chairman Manfred Bischoff told investors Wednesday at the annual shareholders meeting in Berlin. Zetsche’s term as CEO expires at the end of next year.