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Election of Members of the Daimler Supervisory Board Representing the Shareholders

February 25, 2009

STUTTGART, Germany, Feb. 25 /PRNewswire-FirstCall/ — The Supervisory Board of Daimler AG has nominated Lloyd G. Trotter and Gerard Kleisterlee as new members of the Supervisory Board representing the shareholders. Trotter and Kleisterlee will be candidates for election to the Supervisory Board at the Annual Shareholders’ Meeting in Berlin on April 8, 2009. They will succeed to William A. Owens and Dr. Mark Wossner, who will step down from the Supervisory Board. In addition to the two new candidates, three existing Supervisory Board members, Dr. Manfred Schneider, Bernhard Walter and Lynton R. Wilson will be proposed for reelection. A shorter period of office of two years will be proposed for Schneider and Wilson.

Details of the candidates:

Gerard Kleisterlee (born in 1946) has been President and CEO of Royal Philips Electronics since 2001. He has led the successful repositioning of Philips over the past decade, which included a strong focus on strengthening the brand positioning and increasing brand value. He brings extensive experience to the board as one of the most seasoned European business leaders with global operational experience. He is chairman of the competitiveness working group of the European Round Table of Industrialists and a member of the Asia Business Council.

Kleisterlee currently holds a board position at De Nederlandsche Bank N.V.

Dr. Manfred Schneider (born in 1938) has been a member of the Supervisory Board of Daimler AG since 1998 (since 1993 of Daimler-Benz AG, subsequently DaimlerChrysler AG). Since April 2002, he has been Chairman of the Supervisory Board of Bayer AG. Dr. Schneider has the advantage of great financial expertise, and has excellent knowledge of corporate management and corporate governance due to his many years of experience on the boards of various companies.

Dr. Manfred Schneider currently holds other supervisory board positions at Bayer AG (Chairman), Linde AG (Chairman), RWE AG and TUI AG.

Lloyd G. Trotter (born in 1945) was CEO of the General Electric Group’s GE Industrial division (annual revenue of USD 35 billion) from 2006 to 2008. Due to his previous experience, Trotter has outstanding knowledge about the series production of technically advanced products, the coordination of worldwide production networks and global procurement, and technology management. He also has good market knowledge of the NAFTA region, Europe and Asia. In addition to his business duties, he also shows great commitment to social issues, for example as a founding member of the GE African American Forum.

Trotter currently holds other board positions at PepsiCo Inc. and Textron Inc.

Bernhard Walter (born in 1942) has been a member of the Supervisory Board of Daimler AG since 1998 and was Speaker of the Executive Board of Dresdner Bank AG from 1998 until 2000. In addition to his comprehensive financial expertise, Walter also has extensive knowledge of the markets of Central and Eastern Europe, South America and Africa, as well as many years of experience on the boards of various companies.

Walter is currently also a member of the supervisory boards of Bilfinger Berger AG (Chairman), Deutsche Telekom AG, Henkel AG & Co. KGaA and Hypo Real Estate Holding AG (since November 17, 2008).

Lynton R. Wilson (born in 1940) has been a member of the Supervisory Board of Daimler AG since 1998 (and previously of Chrysler Corporation since 1994). Born in Canada, from 1998 until 2000 he was Chairman of the Board and CEO of Bell Canada Enterprises Inc. In addition to his extensive industrial experience, Wilson has great expertise in the field of information and communication technology and a deep knowledge of the NAFTA market.

Wilson is also Chairman of the Board of CAE Inc. and a member of the Canadian Prime Minister’s Advisory Committee on the Public Service.

With its election proposals, the Supervisory Board is following the recommendations of the Nomination Committee, which is chaired by Supervisory Board Chairman Dr. Manfred Bischoff and has prepared its election recommendations on the basis of a target profile for each Supervisory Board position to be occupied. This target profile defines the qualifications and experience required for the members representing the shareholders and is derived from the business model of Daimler AG. An additional important criterion is that the majority of the members of the Supervisory Board representing the shareholders are independent.

Photographs of the candidates for election to the Supervisory Board representing the shareholders can be found on Daimler’s website at http://media.daimler.com/ms/2009/0225/e.

Further information from Daimler is available on the internet at: www.media.daimler.com.

About Daimler

Daimler AG, Stuttgart, with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer of premium passenger cars and the largest manufacturer of heavy- and medium-duty trucks in the world. The Daimler Financial Services division has a broad offering of financial services, including vehicle financing, leasing, insurance and fleet management. Daimler sells its products in nearly all the countries of the world and has production facilities on five continents. The company’s founders, Gottlieb Daimler and Carl Benz, continued to make automotive history following their invention of the automobile in 1886. As an automotive pioneer, Daimler and its employees willingly accept an obligation to act responsibly towards society and the environment and to shape the future of safe and sustainable mobility with groundbreaking technologies and high-quality products. The current brand portfolio includes the world’s most valuable automobile brand, Mercedes-Benz, as well as smart, AMG, Maybach, Freightliner, Sterling, Western Star, Mitsubishi Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges in Frankfurt, New York and Stuttgart (stock exchange abbreviation DAI). In 2008, the Group sold 2.1 million vehicles and employed a workforce of over 270,000 people; revenue totaled Euro 95.9 billion and EBIT amounted to Euro 2.7 billion. Daimler is an automotive Group with a commitment to excellence, and aims to achieve sustainable growth and industry-leading profitability.

    Contact:             Telephone:
    Han Tjan             +1 212 909 9063
    Brigitte Bertram     +49 711 17-40624

SOURCE Daimler AG


Source: newswire



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