The Board of Management
Composition and Allocation of Areas of Responsibility
In accordance with the German Stock Corporation Act, the members of the Board of Management can be appointed by the Supervisory Board for a maximum period of five years. The Supervisory Board decided that, as a rule, Board of Management members of the company shall be reappointed for a period of three years. The initial appointment of Board of Management members is also generally for a period of three years.
According to the rules of procedure of the Supervisory Board, each member of the Board of Management, older than 60 years, should generally be appointed to the Board of Management for a period of one year.
Persons 65 years of age or older shall only be appointed to the Board of Management in special circumstances. Reappointments to the Board of Management are possible according to an approval of the Supervisory Board.
Reappointment before the end of one year prior to the end of the term of the appointment with a concurrent rescission of the current appointment is only possible under extenuating circumstances. Members of the Board of Management can only be relieved of their duties before termination of their term of office by the Supervisory Board for important reasons, e.g. in cases of serious breach of contract or inability to administer their tasks in accordance with their obligations.
The Supervisory Board appoints the Chairman of the Board of Management. The Supervisory Board appointed Dr. Dieter Zetsche as Chairman of the Board of Management.
In line with the German Co-determination Act the Board of Management must include a Labor Relations Director. He is appointed by the Supervisory Board. Mr. Günther Fleig, the member of the Board of Management responsible for Human Resources has been appointed as Labor Relations Director.
Members of the Board of Management and Allocation of Areas of ResponsibilityThe Business Allocation is issued by the Supervisory Board and can be found under the category "The Board of Management".
