Daimler will appoint Bernd Pischetsrieder to its supervisory board as it seeks to boost its managerial lineup with people having intimate knowledge of the auto industry, according to a report by Handelsblatt. Daimler will also name new Siemens chief executive Joe Kaeser and Bernd Bohr to the board in 2014, Handelsblatt said, citing sources close to the supervisory board.
The paper added that the carmaker will also name three well-known German managers to replace former Philips CEO Gerard Kleisterlee, former General Electric Vice Chairman Lloyd Trotter and former Dresdner Bank CEO Bernhard Walter. They are set to retire from the board next year. The paper said that Daimler will seek shareholder approval of the new appointments at its annual shareholders' meeting slated April 9.
Pischetsrieder was BMW CEO from 1993 to 1999 and he later became the top honcho of the Volkswagen Group. He also became chief of VW's SEAT unit, and was a member of the VW Group management board responsible for quality management from 2000 to 2002. He became CEO of the VW Group in 2002, but left in 2006 following a row with chairman Ferdinand Piech.