Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Daimler chairman wants sales chief as next CEO - Manager Magazin

Published 17/12/2015, 14:43
© Reuters. Renschler, Zetsche, Weber and Kaellenius poses next to the new Mercedes-Benz 2015 C-Class during a private preview for media at the Westin Book Cadillac Hotel in Detroit, Michigan
MBGn
-

BERLIN (Reuters) - Daimler (DE:DAIGn) sales chief Ola Kaellenius could be in line to become the carmaker's chief executive, but not for several years as incumbent Dieter Zetsche may have his contract extended by three years through 2019, a German magazine reported.

Citing unnamed sources at the company, Manager Magazin on Thursday said Daimler Chairman Manfred Bischoff wants Kaellenius to become CEO as he pushes a younger generation of managers on to the executive board.

Yet Zetsche won the backing from Bischoff and labour unions at the carmaker's shareholder conference in April to have his contract extended.

Kaellenius, 46, should replace Zetsche when the top job is up for grabs again, the magazine said, adding that Bischoff's goal to gradually rejuvenate the management board could also lead to one of the two younger executives at Daimler's luxury division Mercedes-Benz, Markus Schaefer and Klaus Zehender, to rise to the group executive board.

© Reuters. Renschler, Zetsche, Weber and Kaellenius poses next to the new Mercedes-Benz 2015 C-Class during a private preview for media at the Westin Book Cadillac Hotel in Detroit, Michigan

A spokesman at Stuttgart-based Daimler declined comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.