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Daimler AG: Management Board appointments for Truck CEO Daum and Chief Financial Officer Wilhelm extended

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STUTTGART, Germany, April 23, 2021 /PRNewswire/ The Supervisory Board of Daimler AG at its meeting on April 23, 2021 extended the appointments of management board members Martin Daum and Harald Wilhelm.
The appointments of Martin Daum (61), as member of the board of management for Daimler AG and Chief Executive of Daimler Truck AG, were extended until 2025.
Martin Daum has been a member of the Daimler AG management board since 2017 after serving as President and CEO of Daimler Trucks North America. Following the planned spin-off of a majority stake in Daimler Truck AG, Martin Daum plans to leave the management board of Daimler AG and to take on the role of Chief Executive Officer at stock market listed Daimler Truck company. The spin-off is subject to shareholder approval at an extraordinary general meeting of Daimler AG in autumn 2021. ....

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Daimler confident for 2021

Daimler confident for 2021
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Financial results 2020 significantly better than expected amid COVID-19 challenges
Net profit increased by 48% to €4.0 billion (2019: €2.7 billion)
Net liquidity of the industrial business of €17.9 billion (end of Q3 2020: €13.1 billion/end of 2019: €11.0 billion)
Dividend proposed of €1.35 per share (2019: €0.90)
Daimler Group expects sales, revenues and EBIT in 2021 to be significantly above the prior-year s level
Intention to spin-off Daimler Truck with majority listing on the stock exchange
Daimler AG (ticker symbol: DAI) today reported its results for the fiscal year 2020 ended December 31, 2020. In a challenging environment due to the COVID-19 pandemic, the Group s total unit sales of passenger cars and commercial vehicles decreased by 15%, to 2.84 million (2019: 3.34 million). Revenue was €154.3 billion (2019: €172.7 billion), a reduction of 11%. Due to extensive cost and ca ....

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