FRANKFURT -- Daimler is revamping the management of its finance, production and development portfolios to remove duplicate layers between Mercedes-Benz and Daimler.
The reorganization will see Daimler's top management tighten control over the group's flagship Mercedes-Benz luxury-car unit.
The changes include:
- Markus Schaefer will become Daimler's chief operating officer. He is currently the management board member for research.
- Wolf-Dieter Kurz will take on responsibility for product strategy and steering at Mercedes-Benz Cars. He is currently responsible for the business cases of product projects.
- Daimler CEO Ola Kallenius will take over responsibility for Mercedes Vans from Wilfried Porth, who retains his role as head of human resources. Porth will focus on personnel restructuring measures.
Mercedes-Benz Chief Financial Officer Frank Lindenberg will leave Daimler and hand his responsibilities to Daimler's Chief Financial Officer Harald Wilhelm.
The changes take effect on April 1, Daimler said in a news release on Thursday.