Daimler Supervisory Board Extends Contract Of Service Of Wilfried Porth

STUTTGART, Germany, July 27, 2011 /PRNewswire/ -- In its meeting today, the Supervisory Board of Daimler AG extended the contract of service of Wilfried Porth, Daimler's Board of Management Member for Human Resources and Director of Labor Relations, until April 30, 2017.

(Logo:   http://photos.prnewswire.com/prnh/20080409/NYW017LOGO )

Wilfried Porth has been a member of the Board of Management of Daimler AG since April 8, 2009 and is responsible for Human Resources; at the same time, he is the company's Director of Labor Relations. In addition, he is responsible for IT and Procurement of Non-Production Materials and Services.

Wilfried Porth's contract would have expired at the end of April 2012. In accordance with Section 84 Subsection 1 of the German Stock Corporation Act (AktG), the Supervisory Board makes a decision on a reappointment after the beginning of the last year of the respective period of service.

Wilfried Porth was born in Baden-Baden on February 2, 1959. He studied mechanical engineering at the University of Stuttgart from 1981 to 1985 and graduated as an engineer. He joined the then Daimler-Benz AG as a planning engineer in 1985.

His previous positions in the company include:

• Executive Vice President, MB Vans, 2006
• Executive Vice President, CEO Mitsubishi Fuso Truck & Bus Corp. (MFTBC) Japan, 2003
• Vice President, Executive Management Development, DCAG Headquarters, 2000
• Management Board Member Manufacturing, MB South Africa, 1997
• Head of Bus Production, MB do Brasil, 1994
• Corporate Secretary, MBAG Headquarters, 1992

A curriculum vitae and a photograph can be found on the Daimler website at http://media.daimler.com/ms/vorstand.

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

This document contains forward-looking statements that reflect our current views about future events. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our funding possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates; a shift in consumer preference towards smaller, lower margin vehicles; or a possible lack of acceptance of our products or services which  limits our ability to achieve prices as well as to adequately utilize our production capacities; price increases in fuel or raw materials; disruption of production due to shortages of materials, labor strikes, or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook of companies in which we hold a significant equity interest, most notably EADS; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending governmental investigations and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk Report" in Daimler's most recent Annual Report. If any of these risks and uncertainties materialize, or if the assumptions underlying any of our forward-looking statements prove incorrect, then our actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.

1 2 Next › Last »