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12/3/2020, 9:26 AM (Source: TeleTrader)
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Daimler-0.51%

70.22
Chart for: DAIMLER AG NA O.N.

Daimler nominates Bernd Pischetsrieder as new chairman

The Supervisory Board of Daimler AG is set to propose its member Bernd Pischetsrieder (pictured), a former BMW and Volkswagen executive, as its new chairman at an annual shareholder meeting on March 31, the company unveiled in a press release on Thursday.

"Bernd Pischetsrieder is one of the most internationally recognized automotive experts. His expertise and wealth of experience are of outstanding importance for Daimler AG," the company's Chairman of Supervisory Board Manfred Bischoff, who is set to step down on March 31, said in a statement.

Pischetsrieder has been serving as Daimler's board member since 2014, while he previously chaired supervisory boards of BMW AG, Volkswagen and Munchener Ruckversicherungsgesellschaft AG.

Breaking the News / GA