Significant Restructuring of the Board at Mercedes-Benz
Mercedes-Benz is undergoing a major reorganization of its board, resulting in a significant transition as three seasoned members prepare to retire upon the conclusion of their contracts. This strategic move is aimed at refreshing the leadership and enhancing the company's focus moving forward.
The automotive giant has announced that four key positions will witness changes. Among those stepping down is Sabine Kohleisen, the current Chief Human Resources Officer and Director of Labor Relations, who will conclude her tenure ahead of schedule in April 2025. Although her contract was originally set to expire in November 2025, Kohleisen's departure will pave the way for Britta Seeger, who has previously served as the Chief Sales Officer.
In addition, the role of Chief Sales Officer will be filled by Mathias Geisen, who has been leading the Van division. His new responsibilities will commence in March of the upcoming year, further indicating a shift in the company's strategic approach.
Further changes include the position of Chief Legal Officer, which will be vacated by Renata Jungo Brüngger as she exits the company in October 2025, just prior to her contract's expiration. Her successor will be Olaf Schick, who is currently serving on the board of the supplier company Continental.
Moreover, the role for Chief Executive Officer of Greater China will transition to Oliver Thöne in February 2025. Thöne, who is currently responsible for product strategy and management, will take over from Hubertus Troska, who remains with the company until the end of July.
This restructuring comes at a time when Mercedes-Benz is grappling with declining sales in the crucial Chinese market, which has recently affected the company's profitability. The challenges faced in this region have prompted the automaker to announce plans for substantial cost reductions, aiming to save several billion euros annually in the coming years.
As Mercedes-Benz adapts to these market dynamics, the board's transformation reflects a broader strategy to rejuvenate leadership and enhance operational efficiency. The company is poised for a new chapter, with fresh perspectives expected to contribute to its long-term goals.
