Daimler Extends China Leader’s Contract
By Mike Brezonick19 February 2020
Daimler AG’s Supervisory Board has extended the contract of Hubertus Troska (59), the Board of Management member responsible for Greater China, until December 31, 2025.
“We are very happy to continue the excellent cooperation with Hubertus Troska,” said Manfred Bischoff, chairman of the Supervisory Board of Daimler AG. “He has developed and promoted the business activities of the Daimler Group and especially the Mercedes-Benz brand in China with outstanding success. Strategically, we want to significantly expand our group-wide footprint in China. China is the world’s largest growth region in the medium term, by far the most important market for Mercedes-Benz Cars and essential for our truck and van business. In addition, we want to further strengthen our local activities in research and development, production and purchasing. With his commitment, expertise and network, Hubertus Troska has a key role to play.”
Troska has been a member of Daimler AG’s Board of Management since 2012. His existing contract was due to expire at the end of December 2020. Troska is CEO and Chairman of Daimler Greater China Ltd., making him responsible for all of Daimler’s strategic and operating activities in China, including the activities of Mercedes-Benz Cars, Mercedes-Benz Vans, Daimler Trucks and Daimler Buses, Mercedes-Benz Financial Services, the spare parts business, and research and development centers.