Consistent Continuation of Strategy: Daimler Lines Up for the Future
At the end of July, the Board of Management and Supervisory Board of Daimler AG approved the new corporate structure for Daimler AG. The current divisions Cars and Vans, as well as Trucks and Buses, will be transformed into legally independent entities. Under the new structure Daimler plans to give its divisions greater entrepreneurial freedom, position them even closer to their markets and customers, while empowering them to enter partnerships more easily and quickly. Following approval by the Board of Management and Supervisory Board the corporation can now move into the implementation phase of what it calls “PROJECT FUTURE”. The steps toward implementation will be taken in 2018 and 2019 on the basis of clear business and technical criteria. The measures approved by the boards today require the final approval of the shareholders as a next step. The new structure shall be submitted for approval by shareholders at the Annual General Meeting of Daimler AG in 2019.
Once the new structure has been fully implemented, Mercedes-Benz AG will be responsible for the Mercedes-Benz Cars & Vans division, while the Daimler Trucks & Buses division will be under the leadership of Daimler Truck AG. Already legally independent, Daimler Financial Services AG will be called Daimler Mobility AG in the future. Three powerful divisions will give the Daimler Group a more flexible and focused structure. The operative businesses of Mercedes-Benz Cars & Vans (incl. Mercedes-Benz Cars Procurement and Supplier Quality) and Daimler Trucks & Buses (incl. Global Procurement Trucks & Buses) will be transferred to the new legal entities. All three companies will be German co-determined stock corporations (“Aktiengesellschaften”) based in Stuttgart.
Daimler AG, the parent company, will exercise corporate governance, strategy and management functions and provide cross-divisional business services (incl. International Procurement Services).
What this means for you as a supplier:
The three purchasing areas mentioned above also exist in the new structure. The contracting party may change for you. However, all agreed conditions remain valid. All Daimler purchasing departments will continue to work closely together in the future. For example, common purchasing systems and processes will continue to be used and the “Daimler Supplier Network” supplier cooperation model will remain the common framework in cooperation with our external partners.
We will inform you in due time to ensure a smooth preparation and implementation.
The official press release can be found here: https://www.daimler.com/company/project-future.html