Right from the start, Daimler Truck Holding AG will have a sound financial position with high levels of capital and liquidity. As of 1 January 2021, shareholders’ equity on a pro-forma basis (IFRS) amounted to approximately €11.1 billion, equivalent to an equity ratio of 22%. Daimler AG will equip Daimler Truck Holding AG with a net liquidity of €5 billion until the end of the year, targeting a solid investment-grade rating.
The Board of Management of Daimler Truck Holding AG should be identical to the current Board of Management of Daimler Truck AG. The current Board of Management of Daimler Truck AG is headed by Martin Daum as CEO. Karin Rådström is responsible for the Europe and Latin America regions and the Mercedes-Benz Truck brand. John O’Leary, CEO of Daimler Trucks North America, heads the North America region and the Freightliner, Western Star and Thomas Built Buses brands. Hartmut Schick, CEO of Daimler Trucks Asia, is responsible for the Asia region and the FUSO and BharatBenz brands. Andreas Gorbach leads the Truck Technology Group. Stephan Unger is responsible for Financial Services. Jochen Götz heads Finance and Controlling and Jürgen Hartwig the Human Resources department.
Long-time Siemens CEO Joe Kaeser has been nominated to lead the Supervisory Board as chairman. He will step down from the Daimler AG Supervisory Board. Marie Wieck (former General Manager IBM Blockchain), Laura Ipsen (President and CEO Ellucian Company L.P.), Jacques Esculier (former CEO and Chairman of WABCO Holdings), Martin Richenhagen (former Chairman, President and CEO, of AGCO Corporation), Akihiro Eto (former President and Global Chief Operating Officer of Bridgestone Corporation), John Krafcik (former CEO of Waymo LLC) as well as Michael Brosnan (former CFO of Fresenius Medical Care AG & Co. KGaA) are to be appointed to the Supervisory Board representing the shareholders. Renata Jungo Brüngger, Member of the Board of Management of Daimler AG and Mercedes-Benz AG responsible for Integrity and Legal, as well as Harald Wilhelm, Member of the Board of Management of Daimler AG and Mercedes-Benz AG responsible for Finance & Controlling, have also been nominated for the Supervisory Board.