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Daimler names Kaellenius as CEO from 2019, Zetsche to become chairman

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Daimler names Kaellenius as CEO from 2019, Zetsche to become chairman

Daimler names Kaellenius as CEO from 2019, Zetsche to become chairman
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KAI PFAFFENBACH(Reuters)
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FRANKFURT (Reuters) - Daimler AG <DAIGn.DE> on Wednesday named Swede Ola Kaellenius as chief executive from 2019 and proposed that current CEO Dieter Zetsche would become chairman of the supervisory board in 2021.

That will be the first time that the Stuttgart-based inventor of the modern automobile will be headed by a non-German CEO.

Zetsche will step down from his positions on Daimler's management board and as head of Mercedes-Benz Cars, effective at the end of the annual shareholders' meeting in 2019, Daimler said.

Kaellenius, 49, will then be appointed as CEO of the group, and Markus Schaefer, currently head of production, will succeed him as head of development at Mercedes-Benz Cars.

(Reporting by Edward Taylor; editing by Thomas Seythal and Maria Sheahan)

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