- Early reappointment of Ola Källenius as Chairman of the
Board of Management of Mercedes-Benz Group AG and Markus Schäfer
(Chief Technology Officer and Board of Management member
responsible for Development & Procurement)
- Renata Jungo Brüngger to assume responsibility for central
coordination of sustainability in addition to her role as Member of
the Board of Management, responsible for Integrity, Governance
& Sustainability (previously: Integrity & Legal
Affairs)
- J�rg Burzer’s Board of Management function will be renamed
Production, Quality & Supply Chain Management (previously:
Production & Supply Chain Management); Sabine Kohleisen’s
portfolio of responsibility to be renamed Human Relations
(previously: Human Resources)
The Supervisory Board reappointed Ola Källenius (54) as Chairman
of the Board of Management of Mercedes-Benz Group AG until May 21,
2029, at its meeting today. It also extended the contract of Markus
Schäfer (58) until May 21, 2026. As Chief Technology Officer,
Markus Schäfer is the Board of Management member responsible for
Development & Procurement.
”Ola Källenius has put Mercedes-Benz in
an excellent position for the future. With the clear focus of the
company on electrification, digitalisation and profitable growth
with desirable cars and vans, he has demonstrated far-reaching
strategic vision. In implementing the sustainable business
strategy, he demonstrates determination and a sense of
responsibility to all of the company’s employees in this
transformative era. Mercedes-Benz is now more focused, resilient
and efficient. And the innovative power of the world’s most
valuable luxury car brand is more impressive than ever. Markus
Schäfer and his team have made decisive contributions to
provide Mercedes-Benz with state-of-the-art technology to back this
market-leading position. The two managers enjoy the greatest
respect inside and outside the company. We are very much looking
forward to our continuing working relationship.”
Bernd Pischetsrieder, Chairman of the
Supervisory Board of Mercedes-Benz Group AG
In accordance with the German Stock Corporation Act (AktG) and
its own rules, the Supervisory Board renews appointments of members
of the Board of Management in the final year of their term of
office. The current contracts of Ola Källenius and Markus Schäfer
are due to expire in May 2024. Last year, the Supervisory Board
decided on more flexible guidelines for the appointment and
reappointment of members of the Board of Management: For members
who are 58 or 59 years old at the beginning of the contract, the
term of office should not exceed two years; from the age of 60
years onwards, it should not exceed one year. Multiple contract
extensions are possible.
Strengthening sustainability management with central
coordination
In a further decision, the Supervisory Board established a
cross-divisional steering and coordination function at the Board of
Management level for sustainability management. Renata Jungo
Brüngger will additionally take charge of this new function
effective August 1, 2023, as part of her area of responsibility,
which will be renamed Integrity, Governance & Sustainability
(previously: Integrity & Legal Affairs). With this move,
Mercedes-Benz takes into account the growing complexity and
increasing regulatory importance of this multi-faceted topic and is
creating a central point of contact for all relevant stakeholder
groups. Responsibility for the function-specific management of
sustainability topics will remain in the respective Board of
Management areas.
For Mercedes-Benz, sustainability means creating permanent value
for all stakeholder groups: customers, employees, investors,
business partners and society as a whole. In doing so, the company
combines economic, environmental and social responsibility along
the entire value chain.
“By placing central coordination at the Board
of Management level, we are highlighting the fundamental importance
of sustainability for the future success of the company. With
Renata Jungo Brüngger, an experienced manager is taking on
this crucial responsibility at Mercedes-Benz. The fact that
sustainability is already firmly embedded in our corporate strategy
today must be largely credited to her efforts. In close cooperation
with all Board of Management areas, she together with her team will
continue to drive our sustainable business strategy forward.”
Bernd Pischetsrieder, Chairman of the
Supervisory Board of Mercedes-Benz Group AG
Titles of Board of Management functions
At its meeting today, the Supervisory Board also decided to
change the title of J�rg Burzer’s Board of Management
function to Production, Quality & Supply Chain Management
(previously: Production & Supply Chain Management). This is to
underline the importance of quality for the Mercedes-Benz brand and
to underscore the combined responsibility for this topic also
within the divisional title. The function of Sabine
Kohleisen will be renamed Human Relations (previously: Human
Resources). Consequently, the name of this function now emphasises
the centrality of cooperation with and between people for the
personnel-related activities of Mercedes-Benz.
Forward-looking statements:
This document contains forward-looking statements that reflect
our current views about future events. The words “anticipate”,
“assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “can”,
“could”, “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 deterioration of our
refinancing possibilities on the credit and financial markets;
events of force majeure including natural disasters, pandemics,
acts of terrorism, political unrest, armed conflicts, industrial
accidents and their effects on our sales, purchasing, production or
financial services activities; changes in currency exchange rates,
customs and foreign trade provisions; a shift in consumer
preferences towards smaller, lower-margin vehicles; a possible lack
of acceptance of our products or services which limits our ability
to achieve prices and adequately utilize our production capacities;
price increases for fuel, raw materials or energy; disruption of
production due to shortages of materials or energy, labour 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 for
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 or of
investigations requested by governments and the outcome of pending
or threatened future legal proceedings; and other risks and
uncertainties, some of which are described under the heading “Risk
and Opportunity Report” in the current Annual Report or in this
Interim Report. If any of these risks and uncertainties
materializes or if the assumptions underlying any of our
forward-looking statements prove to be incorrect, the 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 since they are based solely
on the circumstances at the date of publication.
Mercedes-Benz Group at a glance
Mercedes-Benz Group AG is one of the world's most successful
automotive companies. With Mercedes-Benz AG, the Group is one of
the leading global suppliers of high-end passenger cars and premium
vans. Mercedes-Benz Mobility AG offers financing, leasing, car
subscription and car rental, fleet management, digital services for
charging and payment, insurance brokerage, as well as innovative
mobility services. The company founders, Gottlieb Daimler and Carl
Benz, made history by inventing the automobile in 1886. As a
pioneer of automotive engineering, Mercedes-Benz sees shaping the
future of mobility in a safe and sustainable way as both a
motivation and obligation. The company's focus therefore remains on
innovative and green technologies as well as on safe and superior
vehicles that both captivate and inspire. Mercedes-Benz continues
to invest systematically in the development of efficient
powertrains and sets the course for an all-electric future:
Mercedes-Benz Cars intends to go all-electric by the end of this
decade wherever market conditions allow. Mercedes-Benz Vans targets
an EV share of more than 50% by 2023. Shifting from electric-first
to electric-only, the company is accelerating toward a fully
electric and software-driven future. The company's efforts are also
focused on the intelligent connectivity of its vehicles, autonomous
driving and new mobility concepts as Mercedes-Benz regards it as
its aspiration and obligation to live up to its responsibility to
society and the environment. Mercedes-Benz sells its vehicles and
services in nearly every country of the world and has production
facilities in Europe, North and Latin America, Asia and Africa. In
addition to Mercedes-Benz, the world's most valuable luxury
automotive brand (source: Interbrand study, 03 Nov. 2022),
Mercedes-AMG, Mercedes-Maybach and Mercedes me as well as the
brands of Mercedes-Benz Mobility: Mercedes-Benz Bank, Mercedes-Benz
Financial Services and Athlon. The company is listed on the
Frankfurt and Stuttgart stock exchanges (ticker symbol MBG). In
2022, the Group had a workforce of around 170,000 and sold around
2.5 million vehicles. Group revenues amounted to €150.0 billion and
Group EBIT to €20.5 billion.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230727877367/en/
Tobias Just, Tel.: +49 160 868 75 68,
tobias.just@mercedes-benz.com Johannes Leifert, Tel.: +49 176 309
04 735, johannes.leifert@mercedes-benz.com Andrea Berg, phone +1
917 667 2391, andrea.a.berg@mercedes-benz.com
Further information on Mercedes-Benz Group is available at:
group-media.mercedes-benz.com and group.mercedes-benz.com
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