FRANKFURT, Germany (AP) - Daimler CEO Dieter Zetsche will leave his post in May and be succeeded by Ola Kallenius, who has headed development and research for the automaker's Mercedes-Benz luxury brand.
The company said Wednesday in a statement that Zetsche, 65, would be nominated to become head of the board of directors in 2021 after the term expires for the current chairman, Manfred Bischoff.
Zetsche's latest three-year contract was to end next year and Kallenius had figured prominently in speculation about who would succeed him.
The 49-year-old Kallenius, who was born in Vastervik, Sweden, has headed group research and vehicle development for the key Mercedes-Benz luxury car division since 2015. He is now slated to take over Zetsche's dual mandate as both head of the entire company and the Mercedes division. The company also makes trucks and buses and provides financial services.
Zetsche became CEO of what was then DaimlerChrysler AG in 2006. His legacy includes leading Daimler out of its troubled 1998 merger with Chrysler, and subsequently racking up consecutive years of record sales and profits.
He is leaving as the company faces several headwinds. It is under scrutiny by the U.S. Justice Department in connection with possible diesel emissions violations, and it issued a profit warning in June citing the U.S.-China trade dispute, which will hit some of its cars made in the U.S. and imported into China with new import taxes.
FILE - In this Jan. 13, 2014 file photo Mercedes-Benz marketing chief Ola Kallenius, right, stand with Daimler Chairman Dieter Zetsche at the end of a press conference at the North American International Auto Show in Detroit, Mich. Daimler AG said Wednesday, Sept. 26, 2018 that Kallenius will take over as the company's CEO in 2019. (AP Photo/Tony Ding, file)
FILE - In This April 5, 2018 file photo Dieter Zetsche, CEO of the Daimler AG, speaks during the annual shareholders' meeting of the car maker in Berlin. Daimler AG said Wednesday, Sept. 26, 2018 that Kallenius will take over as the company's CEO in 2019. (AP Photo/Markus Schreiber, file)
FILE - In this April 5, 2018 file photo Dieter Zetsche, CEO of the Daimler AG, walks over the stage during the annual shareholders' meeting of the car maker in Berlin. Daimler AG said Wednesday, Sept. 26, 2018 that Ola Kallenius will take over as the company's CEO in 2019. (AP Photo/Markus Schreiber, file)
FILE - In this March 29, 2017 file photo Daimler board member Ola Kallenius attends the shareholders' meeting in Berlin. Daimler AG said Wednesday, Sept. 26, 2018 that Kallenius will take over as the company's CEO in 2019. (Serene Stache/dpa via AP)
FILE - In this June 17, 2015 file photo Mercedes board member Ola Kallenius speaks at the presentation of the new Mercedes-Benz GLC in Metzingen, Germany. Daimler AG said Wednesday, Sept. 26, 2018 that Kallenius will take over as the company's CEO in 2019. (Marijan Murat/dpa via AP)
FILE - In this Jan. 14, 2018 file photo Daimler AG Chairman Dr. Dieter Zetsche, stands with former California Gov. Arnold Schwarzenegger as they prepare to drink schnapps after the world premiere of the Mercedes-Benz G-Class during a preview day before the North American International Auto Show in Detroit. Daimler AG said Wednesday, Sept. 26, 2018 that Ola Kallenius will take over as the company's CEO in 2019. (AP Photo/Carlos Osorio, file)
FILE - In this April 5, 2018 file photo Dieter Zetsche, right, CEO of the Daimler AG, and Manfred Bischoff, right, Chairman of the board of the Daimler AG, pose for media prior to the shareholders meeting of the car maker in Berlin. Daimler AG said Wednesday, Sept. 26, 2018 that Ola Kallenius will take over as the company's CEO in 2019 and Zetsche will succeed Bischoff later on. (AP Photo/Markus Schreiber, file)
FILE - In this Jan. 9, 2017 file photo Ola Kallenius, member of the Board of Management of Daimler AG, Group Research and Mercedes-Benz Cars Development speaks at the North American International Auto Show in Detroit. Daimler AG said Wednesday, Sept. 26, 2018 that Kallenius will take over as the company's CEO in 2019. (AP Photo/Paul Sancta, file)
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News Pictures Daimler CEO Zetsche to be succeeded by head of development
You don’t have to pack away your bikini just because you’re the wrong side of 20. These body-beautiful stars reveal their secrets to staying in shape and prove you can smoulder in a two-piece, whatever your age. Read on and be bikini inspired!
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Hayden Panettiere
Size: 8
Age: 18
Height: 5ft 1in
Weight: 8st
To achieve her kick-ass figure, Hayden – who plays cheerleader Claire Bennet in Heroes – follows the ‘quartering’ rule. She eats only a quarter of the food on her plate, then waits 20 minutes before deciding whether she needs to eat again.
Hayden says: “I don’t have a model’s body, but I’m not one of those crazy girls who thinks that they’re fat. I’m OK with what I have.”
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kim cattrall
Size: 10-12
Age: 52
Height: 5ft 8in
Weight: 9st 4lb
SATC star Kim swears by gym sessions with Russian kettle bells (traditional cast-iron weights) and the South Beach Diet to give her the body she wants. To avoid overeating, Kim has a radical diet trick – squirting lemon juice on her leftovers – so she won’t carry on picking.
Kim says: “I am no super-thin Hollywood actress. I am built for men who like women to look like women.”
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