After criticism from shareholders: Ex-Chef Zetsche, Daimler is not yet-Supervisory Board

After criticism from shareholders
Ex-boss Zetsche is not, however, the Daimler Supervisory Board

The former chief Executive, Dieter Zetsche, will not be returning next year as planned, as the Chairman of the Supervisory Board of the carmaker Daimler. Zetsche ruled out such a move in an Interview with the “Frankfurter Allgemeine Sunday newspaper”.

“Ultimately, I’ve decided that I want to, I’ll pass on that,” said the 67-Year-old.

Zetsche was from January 2006 to may 2019, the Chairman of the Board at Stuttgart-based car maker before he made his Post to Ola Källenius. However, it was agreed in the management bodies that Zetsche 2021 should take the Supervisory Board Chairman Manfred Bischoff.

These plans, however, there were last on, more and more criticism in many Daimler shareholders. Zetsche is accused of, among other things, at the end of his time as Chairman of the Board on the records of the past years, relaxed and full of important choices, especially for the transition to electric mobility sleepy. The current crisis was – apart from the immediate consequences of the Corona-pandemic – house made, they say. In the second quarter, the group had a run-in last around two billion Euro loss.

Zetsche said now that he had thought long about whether his original decision to come to return to year-to-date in the Daimler Supervisory Board, applicable still. “Of course I would have done the task gladly. I also believe that I would have done well,” he said, well-known, however: “I have asked myself whether I really do the company a service. And if I do a Favor for me, if I take on this task now.”

That he is not living now – after 40 years of occupation – “some hope, but as the load would be seen – no, I don’t need it”. Not expressed, the question of who could be there instead of him the new Chairman of the Supervisory Board, and Zetsche closer. “I’m out, I got to meet, no decisions.”