The Daimler AG Board of Supervisors plans to extend the contract of the company’s chief executive officer, Dieter Zetsche, through 2019.
Manfred Bischoff, chairman of the board of supervisors, told shareholders that Zetsche’s contract would be extended for another three years. Zetsche’s current contract expires at the end of 2016. The announcement drew few comments, pro or con, from the more than 5,000 shareholders, who gathered in Berlin for the company’s annual meeting.
Zetsche, who has never been wildly popular with Daimer’s often-critical shareholders, has served as Daimler CEO since 2006 when he took over the company from Juergen Schrempp, the architect of the ill-fated merger with Chrysler, which Zetsche dissolved in 2007. (more…)