Daimler Truck Supervisory Board Extends Karl Deppen’s Contract and Optimizes Management Board Structure

The Supervisory Board of Daimler Truck Holding AG has voted to extend Karl Deppen’s contract for an additional five years beyond his current term, securing his position until November 30, 2029. Deppen, serving as a member of the Daimler Truck Board of Management since December 1, 2021, has overseen the Asia region, encompassing China, India, and Japan, as well as the FUSO, BharatBenz, and RIZON brands.

Chairman of the Supervisory Board, Joe Kaeser, lauded Deppen’s extensive experience and steadfast leadership in navigating the complexities of the Asia region’s business landscape while propelling strategic growth. Kaeser expressed the board’s gratification in retaining Deppen’s expertise for the future.

Additionally, the Supervisory Board has endorsed a restructuring initiative to streamline the Board of Management. Effective July 1, 2024, the “Daimler Truck Financial Services” division will merge into the Chairman’s department, consolidating operational functions.

Kaeser acknowledged Stephan Unger’s commendable stewardship in establishing and expanding the Financial Services segment. Following a strategic decision to concentrate on internal financial products, the board has opted to dissolve the separate division, with Unger transitioning to the role of Executive Vice President within the Financial Services division.

Unger’s tenure on the Board of Management will conclude on June 30, 2024. Subsequently, starting July 1, 2024, he will report directly to the Chairman of the Board of Management.

These resolutions, as delineated by the Supervisory Board, apply uniformly to Daimler Truck AG.

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