Volker Mornhinweg to Become New Head of Mercedes-Benz Vans at Daimler AG

March 19, 2010

STUTTGART, Germany, March 19 /PRNewswire-FirstCall/ — The Board of Management of Daimler AG (NYSE: DAI) has made the following personnel decisions: Volker Mornhinweg (50), currently managing director of Mercedes-AMG GmbH in Affalterbach, Germany, will take over as head of the Mercedes-Benz Vans division effective April 1, 2010. He is succeeding Dr. Wolfgang Bernhard, who was appointed as a Member of the Board of Management of Daimler AG in February 2010. In his new position, Mornhinweg will report to Dr. Bernhard.

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After completing his apprenticeship, which he started at Daimler-Benz in 1980, he went on to complete his degree in precision engineering at the University of Applied Sciences in Esslingen, Germany. Subsequently, he took over various executive assignments in the group, such as in advanced prototyping, product preparation and product planning. Before taking over as managing director of Mercedes-AMG, he was plant manager of the Mercedes-Benz plant in Berlin and thereafter, head of executive management development for the group.

Ola Kaellenius (40), most recently plant manager of the Mercedes-Benz plant in Tuscaloosa (USA), will take over from Mr. Mornhinweg as managing director of Mercedes-Benz AMG GmbH also effective April 1, 2010. Kaellenius previously was head of Mercedes-Benz High Performance Engines Ltd. in Brixworth, Great Britain and worked at McLaren Automotive. In Stuttgart, he subsequently worked as Senior Manager in engine and exhaust management, among other positions. Kaellenius, born in Sweden, started his career at the former DaimlerChrysler AG 1995 at the Mercedes-Benz Tuscaloosa plant in the division planning and reporting. He completed his studies at the Stockholm School of Economics with a Master’s degree.

A successor to Ola Kaellenius will be decided on and announced in the near future.

Photos from Volker Mornhinweg and Ola Kaellenius are available on the Daimler website http://media.daimler.com/ms/101903/e.

Further information on Daimler is available on the internet at: http://media.daimler.com.

About Daimler

Daimler AG is one of the world’s most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides its customers with a full range of automotive financial services including financing, leasing, insurance and fleet management.

The company’s founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As an automotive pioneer, Daimler continues to shape the future of mobility. The Group applies innovative and green technologies to produce safe and superior vehicles which fascinate and delight its customers. With the development of alternative drive systems, Daimler is the only vehicle producer investing in hybrid drive, electric motors and fuel-cell systems, with the goal of achieving emission-free mobility in the long term. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment.

Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities on five continents. Its current brand portfolio includes, in addition to the world’s most valuable automotive brand, Mercedes-Benz, the brands smart, Maybach, Freightliner, Western Star, Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges of Frankfurt, New York and Stuttgart (stock exchange symbol DAI). In 2009, the Group sold 1.6 million vehicles and employed a workforce of more than 256,000 people; revenue totaled euro 78.9 billion and EBIT amounted minus euro 1.5 billion.

SOURCE Daimler Corporate Communications

Source: newswire

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