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Election Of Employee Representatives To The Supervisory Board Of Daimler AG

Stocks in this article: DDAIF

STUTTGART, Germany, March 13, 2013 /PRNewswire/ -- More than 1,100 voting delegates of the Daimler Group's operating units came together today at the Messe Stuttgart (Stuttgart Trade Fair Center) to elect the ten members of the Supervisory Board of Daimler AG representing the employees (seven employees of the Group including one representative of the senior management and three trade-union representatives).


As a result of the election, some of the members of the Supervisory Board representing the employees will remain in office: The following persons were reelected Erich Klemm, Michael Brecht, Juergen Langer, and Joerg Spies. The following persons were elected for the first time Elke Toenjes-Werner and Wolfgang Nieke.

As trade-union representatives, Joerg Hofmann was reelected and Sabine Maassen was elected as a new member of the Supervisory Board. Valter Sanches will also continue to be a member of the Supervisory Board of Daimler AG as a trade-union member from outside Germany. Dr. Frank Weber was elected to the Supervisory Board for the first time and will represent the senior management in the new Supervisory Board period. Elke Toenjes and Sabine Maassen who have been newly elected are the first women to be employee representatives in the Supervisory Board.

The Supervisory Board is composed of ten members representing the shareholders and ten members representing the employees. Elections are held for the Supervisory Board members of the employee side every five years.

The items of the agenda of the Annual Shareholders' Meeting to be held in Berlin on April 10, 2013 include the reelection of two members representing the shareholders, Sari Baldauf and Dr. Juergen Hambrecht, and the first-time election of Andrea Jung, also representing the shareholders. Immediately after the Annual Shareholders' Meeting, the Supervisory Board will elect one of its members as the Deputy Chairman of the Supervisory Board. In addition, the committee memberships of the newly elected Supervisory Board members are to be decided.

The period of office of the newly elected Supervisory Board members starts after the end of the Annual Shareholders' Meeting in 2013 and finishes with the end of the Annual Shareholders' Meeting in 2018.

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