Daimler CEO Candidate Renschler Resigns After Swapping Jobs

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Andreas Renschler, Mercedes-Benz operations chief and candidate to become parent Daimler AG’s chief executive officer, quit suddenly, one year after swapping jobs with the other leading contender to succeed Dieter Zetsche.

Renschler, 55, who oversaw production and purchasing at the world’s third-largest luxury-car maker, asked to leave with immediate effect, the Stuttgart, Germany-based manufacturer said in a statement, without providing additional details.