Daimler names Bernd Pischetsrieder to supervisory board

[Scott at Pelican Parts]

Filed under: Hirings/Firings/Layoffs, Mercedes-Benz



Some executives in the automotive industry stay with one company for their entire careers, while others bounce from one to the other, often leaving their indelible mark on each automaker at which they serve. Bob Lutz is certainly an example of the latter. So is Lee Iacocca, having presided over Ford and later charing the Chrysler board. Carlos Tavares was chief operating officer of Renault before being nominated as chief executive at PSA Peugeot Citroën. But as far as the Germans go, nobody's jumped from the leadership of one automaker to the next quite like Bernd Pischetsrieder - especially now that he's been named to the supervisory board of Mercedes-Benz parent company Daimler.

An engineer by training, Pischetsrieder started his career at BMW in 1973, eventually rising to the office of CEO after twenty years. There he remained until 1999, only to be dismissed after orchestrating BMW's takeover of the Rover Group (of which only the Mini brand remains in the company's portfolio, the other brands having been sold off after his dismissal).

The next year he was named chairman of Volkswagen's Seat brand, and rose to the chairmanship of the entire Volkswagen Group two years later. Despite a largely successful four-year tenure (that gave birth, incidentally, to the Bugatti Veyron), disagreements with supervisory board chairman Ferdinand Piëch saw him leave the helm at VW AG, focusing his attention on the Scania truck division. He's since been touted as a potential chief executive for Opel and for Continental, but neither potential was apparently realized.

Pischetsrieder's appointment to the Daimler board was approved just days ago at the company's annual shareholders' meeting in Berlin. Alongside him, former Bosch chief Bernd Bohr and current Siemens CEO Joseph Kaeser were also elected, all of them serving for a period of five years.Continue reading Daimler names Bernd Pischetsrieder to supervisory board

Daimler names Bernd Pischetsrieder to supervisory board originally appeared on Autoblog on Mon, 14 Apr 2014 07:59:00 EST. Please see our terms for use of feeds.



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04-14-2014 08:59 AM