Christine Hohmann-Dennhardt, a former constitutional judge, has been appointed to a new position on Daimler AG’s management board to oversee integrity and legal affairs.
Earlier this month, Hohmann-Dennhardt, 60 years old, left Germany’s constitutional court after serving for 11 years. She joined the Daimler board effective Wednesday. In Daimler’s 125-year history, Hohmann-Dennhardt is the first woman to serve on the management board, which now has seven members.
Last week, Chancellor Angela Merkel said that the lack of women on the boards of German companies is a “scandal.” She urged businesses to act to redress the gender imbalance or the government would have to implement change.
However, Merkel, who is Germany’s first female chancellor, turned down proposals to set a quota to raise the number of women sitting on boards. Daimler Chief Executive Officer Dieter Zetsche has been on the search for a new executive for the job ever since the position was created in September.
Daimler, the world’s largest truckmaker and second-biggest luxury car producer, has encountered several conflicts with regulators. On Feb. 10, the company was charged with insider trading by Paris judges who are heading a nearly five-year-old investigation into sales of shares in European Aeronautic, Defense & Space Co.
The judges scrutinized Daimler about its decision to sell a 7.5% stake in EADS in April 2006, only a couple of months before the parent of Airbus SAS disclosed production delays on the A380, the world’s biggest passenger plane.