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The Supervisory Board of Daimler has appointed Martin Daum (pictured) to lead its Trucks & Buses division. He officially replaces outgoing Dr Wolfgang Bernhard as of next month.
According to Daimler, Daum’s appointment is for a period of five years. “With Martin Daum, we are appointing a very successful and experienced executive to the Board of Management as Head of the Daimler Trucks and Daimler Buses divisions,” said Dr Manfred Bischoff, Chairman of the corporation's Supervisory Board.
“He looks back on 20 years of experience in the industry and knows the cyclical commercial-vehicle business from all perspectives. We are convinced that he will successfully meet the upcoming challenges in the next years, continue along the successful path of Daimler Trucks & Buses and further strengthen their worldwide leading positions.”
Dr Dieter Zetsche, Chairman of the Board of Management of Daimler and Head of Mercedes-Benz Cars, cited Daum’s success in building to the Daimler Group’s commercial-vehicle business in the US and in the North American Free Trade Agreement (NAFTA) region as important footnoes behind his appointment.
“With Martin Daum and his international management experience, the right course is being set at the top of Daimler Trucks & Buses for the long term,” Dr. Zetsche said.
Since June 2009, Martin Daum has been President and Chief Executive Officer of Daimler Trucks North America (DTNA) and its affiliated companies Freightliner Trucks, Western Star Trucks, Thomas Built Buses, Freightliner Custom Chassis Corporation and Detroit Diesel Corporation. Before that, he was a member of the management of Mercedes-Benz Trucks in Europe.
Earlier this month, Dr. Bernhard had informed Daimler’s Supervisory Board that he would not stay on if offered an extension, which was due to expire in February 2018.