Daimler AG's Supervisory Board extends Hubertus Troska's contract

STUTTGART, Germany, Feb. 19, 2020 /PRNewswire/ --

• Contract extended by five years until December 31, 2025
• Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG: "We are very happy to continue the excellent cooperation with Hubertus Troska. He has developed and promoted the business activities of the Daimler Group and especially the Mercedes-Benz brand in China with outstanding success."

Today, Daimler AG's Supervisory Board extended the contract of Hubertus Troska (59), in the Board of Management responsible for Greater China, until December 31, 2025.

"We are very happy to continue the excellent cooperation with Hubertus Troska. He has developed and promoted the business activities of the Daimler Group and especially the Mercedes-Benz brand in China with outstanding success. Strategically, we want to significantly expand our group-wide footprint in China. China is the world's largest growth region in the medium term, by far the most important market for Mercedes-Benz Cars and essential for our truck and van business. In addition, we want to further strengthen our local activities in research and development, production and purchasing. With his commitment, expertise and network, Hubertus Troska has a key role to play," said Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG.

Hubertus Troska has been a member of Daimler AG's Board of Management since December 13, 2012. His existing contract was due to expire at the end of December 2020. Mr. Troska is CEO and Chairman of Daimler Greater China Ltd., making him responsible for all of Daimler's strategic and operating activities in China.

Daimler Greater China Ltd.

Daimler Greater China Ltd. was founded in Beijing in 2001 and is responsible for the activities of Mercedes-Benz Cars, Mercedes-Benz Vans, Daimler Trucks and Daimler Buses, Mercedes-Benz Financial Services, the spare parts business, and research and development centers. For Mercedes-Benz, the best-known brand of Daimler AG, China is the most important driver for worldwide passenger car sales. 2019 a total of more than 693,400 Mercedes-Benz passenger cars were handed over to customers in China, an increase of more than 40,000 units compared to the previous year and a new record. The model initiative, a clear customer focus and the localization strategy were key success factors.

Further information from Daimler is available at:
www.media.daimler.com and www.daimler.com

Daimler at a glance
Daimler AG is one of the world's most successful automotive companies. With its Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and Daimler Mobility divisions, the Group is one of the leading global suppliers of premium cars and one of the world's largest manufacturer of commercial vehicles. Daimler Mobility offers financing, leasing, fleet management, investments, credit card and 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, Daimler 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. Daimler continues to invest systematically in the development of efficient powertrains – from high-tech combustion engines and hybrid vehicles to all-electric powertrains with battery or fuel cell – with the goal of making locally emission-free driving possible in the long term. The company's efforts are also focused on the intelligent connectivity of its vehicles, autonomous driving and new mobility concepts. Daimler regards it as its aspiration and obligation to live up to its responsibility to society and the environment. Daimler sells its vehicles and services in nearly every country of the world and has production facilities in Europe, North and South America, Asia and Africa. In addition to Mercedes-Benz, the world's most valuable premium automotive brand (source: Interbrand study, 17 Oct. 2019), and Mercedes-AMG, Mercedes-Maybach and Mercedes me, its brand portfolio includes smart, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses as well as the brands of Daimler Mobility: Mercedes-Benz Bank, Mercedes-Benz Financial Services and Daimler Truck Financial. The company is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol DAI). In 2019, the Group had a workforce of around 298,700 and sold 3.3 million vehicles. Group revenues amounted to €172.7 billion and Group EBIT to €4.3 billion.

SOURCE Daimler North America - Corporate Communications