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Supervisory Board Of Daimler AG Extends Contract With Dr. Wolfgang Bernhard

STUTTGART, Germany, April 27, 2012 /PRNewswire/ -- In its meeting today, the Supervisory Board of Daimler AG extended the contract of Dr. Wolfgang Bernhard, a member of the Board of Management of Daimler, until February 28, 2018.

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

Dr. Wolfgang Bernhard has been a member of the Board of Management of Daimler AG since February 18, 2010. In that function, he is responsible for Manufacturing and Procurement Mercedes-Benz Cars and for the entire Mercedes-Benz Vans division.

"We look forward to continuing the excellent cooperation with Wolfgang Bernhard in the Board of Management of Daimler AG and as a member of the Mercedes-Benz Cars team. This management continuity is important for the ongoing consistent implementation of the division's strategy and for the achievement of our corporate goals," stated Dr. Manfred Bischoff, Chairman of Daimler's Supervisory Board.

Wolfgang Bernhard's contract of service would have expired in February 2013. Pursuant to Section 84 Subsection 1 of the German Stock Corporation Act (AktG), the Supervisory Board decides on reappointment after the beginning of the last year of a Board of Management member's current period of office.

Dr. Bernhard was born in Boehen (in Germany's Allgaeu region) on September 3, 1960. After completing high school in Bavaria, he studied at the Technical University of Darmstadt from 1980 until 1986, graduating as an industrial engineer with the special subject of electrical engineering. From 1987 until 1988, he studied at Columbia University in New York, where he gained an MBA (Master of Business Administration). After that, he studied at the Johann Wolfgang Goethe University in Frankfurt from 1988 until 1990, obtaining a doctorate on the subject of international exchange-rate risks.

Previous positions at the company:

  • Head of the Mercedes-Benz Vans division, 2009
  • Member of the Board of Management, COO Chrysler Group, DaimlerChrysler AG, 2002 – 2004
  • Deputy Member of the Board of Management, COO Chrysler Group, DaimlerChrysler AG, 2000
  • Chairman of the Management, Mercedes-AMG GmbH, 1999
  • Center Manager for S-Class Assembly at the Sindelfingen plant and responsible for the start of the new S-Class, 1994
  • Project Manager for reducing material costs and increasing productivity at the assembly plants of Mercedes-Benz AG, 1992 – 1993

Dr. Bernhard's curriculum vitae and a photograph can be found on the Daimler website at http://media.daimler.com/ms/board.

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 worsening of the public debt crisis in the eurozone; 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.

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