Daimler’s Designated Chairman Zetsche Renounces Job

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Dieter Zetsche was due to take a seat as chairman on the board of directors

Zetsche says Daimler’s prime buyers would have backed him to succeed Manfred Bischoff however that there might have been opposition from different shareholders.





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Dieter Zetsche was due to sit down as chairman on the board of administrators

Daimler’s Dieter Zetsche won’t search to turn into chairman of the German carmaker’s supervisory board, he advised Frankfurter Allgemeine Sonntagszeitung newspaper. Zetsche, 67, a former chief govt of the corporate which owns the Mercedes-Benz model, was due to sit down as chairman on the board of administrators, which in Germany is named the supervisory board.

Additionally Learn: Daimler To Pay $2.2 Billion In Diesel Emissions Cheating Settlements​

“Naturally I want to have executed the job. I additionally consider I’d have executed it properly. However ultimately I made a decision that I don’t want it, that I surrender this chance,” Zetsche is quoted as telling the paper.

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Dieter Zetsche won’t search to turn into chairman of the German carmaker’s supervisory board

“We acknowledge Dr. Zetsche’s resolution with nice respect,” a Daimler spokesman stated.

Zetsche says Daimler’s prime buyers would have backed him to succeed Manfred Bischoff however that there might have been opposition from different shareholders.

“The truth that after 40 years of labor I’m not regarded by some as an asset, however as a burden, I don’t want that,” Zetsche is quoted as telling the paper.

Additionally Learn: Daimler Talks With Workers Heat Up, With 15,000 Jobs At Risk​

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Zetsche, who apart from being chief govt of Daimler, was additionally head of Mercedes-Benz, was because of succeed Bischoff at Daimler’s annual basic assembly on March 31, 2021. Earlier this month Daimler agreed to pay $2.2 billion to resolve a U.S. authorities diesel emissions investigation and claims from 250,000 U.S. car homeowners.

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