Mercedes-Benz announces management board shakeup

Mercedes-Benz (OTC:MBGAF ) has announced that four new members will join its management board in 2025. The Stuttgart-based automaker revealed on Wednesday that the reshuffle is set to occur as the contracts of Sabine Kohleisen, Renata Jungo Bruengger, and Hubertus Troska come to an end.

Olaf Schick, currently the chief financial officer at Continental, a manufacturer of automotive parts, will transition to the management board of Mercedes-Benz starting on October 1, 2025.

He will be joined by Mathias Geisen, who is currently leading Mercedes-Benz Vans, and Oliver Thoene, presently in charge of Product Strategy and Steering at the company.

Britta Seeger, who already serves on the board, will take over as the member responsible for Human Relations and Labour Director, succeeding Sabine Kohleisen.

The company has not provided further details on the future roles of the other new board members or who will fill the positions vacated by Renata Jungo Bruengger and Hubertus Troska.

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Source: Investing.com