Daimler AG CEO Dieter Zetsche is coming under fire from the supervisory board due to his dual leadership as group CEO and head of the Mercedes-Benz unit.
“The double role is unacceptable as a long-term solution,” Frankfurter Allgemeine Sonntagszeitung quoted a member saying. The member also said that the 2010 operating margin target given by Zetsche for the Mercedes unit was “totally unsatisfactory.” He said that Mercedes should have a separate head.
The paper also mentioned Wolfang Bernhard, who recently rejoined Mercedes-Benz head of production, as a potential candidate to lead Mercedes. Bernhard was to become the head of Mercedes-Benz in 2004 before union opposition to his appointment.
– By: Stephen Calogera
Source: Automotive News (Subscription Required)