Mercedes Benz Group AG
MIL:MBG

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Mercedes Benz Group AG Logo
Mercedes Benz Group AG
MIL:MBG
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Price: 70.4 EUR 0.57% Market Closed
Market Cap: 75.3B EUR
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Mercedes Benz Group AG
Investor Relations

Mercedes-Benz Group AG, with a legacy that roots back to the dawn of the automobile industry, stands as an embodiment of German engineering excellence and luxury. Since its inception, the company has been on a relentless pursuit of innovation and quality, transcending beyond mere automotive manufacturing to become a symbol of sophistication. Headquartered in Stuttgart, Germany, the group's robust financial engine is powered by a diverse portfolio of premium vehicles, including luxury cars, trucks, and buses that capture the imagination of automotive enthusiasts worldwide. The brand’s dedication to engineering and design has carved a niche in the competitive luxury market, where affluent customers are willing to pay a premium for vehicles that offer superior performance, safety, and cutting-edge technology. The company's ability to consistently deliver these values stems from its profound history of engineering prowess and strategic investments in research and development.

The business model of Mercedes-Benz Group AG is a tapestry woven from several threads of profitability. At its core are high-margin luxury vehicles that underpin its credentials as a leader in the premium automotive sector. The company orchestrates its operations through a meticulously managed network of manufacturing plants and research centers globally, allowing for efficiency in production and innovation in design. In recent years, Mercedes-Benz has pivoted towards sustainable mobility solutions, channeling resources into electric vehicle development and autonomous driving technologies, thereby expanding its revenue streams. Complementing its vehicle sales is Daimler Mobility, a subsidiary offering financial services that drive customer retention through leasing, financing, and insurance products. This strategic blend not only locks in customer loyalty but also acts as a buffer against economic cycles, ensuring a steady flow of revenue that powers the company’s ambitious pursuit to lead the future of mobility.

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Earnings Calls

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Management

Mr. Ola Kallenius
Chairman of the Management Board & CEO

Ola Källenius is a prominent figure in the automotive industry, known for his role as the Chairman of the Board of Management of Mercedes-Benz Group AG. Born on June 11, 1969, in Västervik, Sweden, Källenius pursued his studies in international management and finance at the Stockholm School of Economics and at the University of St. Gallen in Switzerland. Källenius's career at Daimler AG, now Mercedes-Benz Group AG, began in 1993. Over the years, he has held various significant roles across different divisions of the company, showcasing his versatility and leadership capabilities. His career trajectory within the company saw him involved in areas such as controlling, planning, and strategy. He also gained international experience by working with the AMG performance division, where he became Chairman of the Board in 2010. In 2015, Källenius was appointed to the Board of Management of Daimler AG, initially overseeing the Mercedes-Benz Cars Marketing & Sales division. His responsibilities grew as he took on research and development for Mercedes-Benz Cars starting in 2017. In May 2019, he succeeded Dieter Zetsche as the Chairman of the Board of Management of Daimler AG, marking the first time a non-German executive held this position. Under Källenius's leadership, Mercedes-Benz has been focusing on sustainable and technologically advanced automotive solutions. He has been pivotal in steering the company's strategy towards electric mobility and digital transformation. His vision includes making the company a leader in electric vehicles and reducing carbon emissions, aligning with global trends towards sustainable transportation. Källenius is known for his innovative approach and commitment to maintaining Mercedes-Benz’s reputation for luxury and quality, while also adapting to the challenges of future mobility.

Mr. Harald Wilhelm
CFO & Member of the Management Board

Harald Wilhelm is a prominent figure in the automotive industry, known for his role as the Chief Financial Officer (CFO) of the Mercedes-Benz Group AG. He assumed this position in April 2019. Prior to joining Mercedes-Benz, Wilhelm had an extensive career at Airbus, where he served as CFO from 2012 to 2019. Throughout his career, he has been recognized for his financial expertise and his ability to manage complex financial structures within large corporations. At Mercedes-Benz, Wilhelm plays a crucial role in overseeing the company's financial strategy, ensuring the efficient management of financial resources, and supporting the company's transition towards electric and digital mobility. His leadership is integral to developing strategies that promote sustainable profitability and growth for the company. Wilhelm holds a degree in business administration and economics, which has underpinned his career in finance. His work at Mercedes-Benz is pivotal as the company navigates the evolving automotive landscape, focusing on innovation and maintaining its competitive edge in the global market.

Ms. Renata Jungo Brungger
Head of Integrity & Legal Affairs and Member of Management Board

Renata Jungo Brüngger is a prominent Swiss executive known for her role in the automotive industry. She serves as a member of the Board of Management at Mercedes-Benz Group AG, where she holds the position of responsible for Integrity and Legal Affairs. Born on August 7, 1961, in Fribourg, Switzerland, Renata Jungo Brüngger built a distinguished career in law and corporate governance. She studied law at the University of Fribourg, obtaining her licentiate in law, and later earned a Master of Laws from the University of Zurich. Renata began her professional journey at a Swiss bank and subsequently joined Bär & Karrer, a law firm in Zurich. Her career took an international turn when she moved to the Netherlands to work in a legal capacity for a major electronics company. Renata joined Daimler AG (now Mercedes-Benz Group AG) in 2011, initially overseeing legal affairs for the company. In 2016, she was appointed to the Board of Management, becoming the first woman to hold this position at the company. In her current role, she is responsible for overseeing corporate governance, compliance, legal, and integrity-related issues within the organization. Renata Jungo Brüngger is widely recognized for her commitment to fostering an ethical corporate culture and for enhancing the role of integrity in business operations. Her leadership and expertise have been crucial in navigating complex legal landscapes and maintaining the company's commitment to ethical business practices.

Mr. Hubertus Troska
Head of Greater China & Member of Management Board

Hubertus Troska is a prominent executive within the Mercedes-Benz Group AG, mainly known for his significant contributions to the automotive industry, particularly in China. He was born on April 25, 1960, in Bilbao, Spain. Troska joined the Daimler Group in 1988 and has since held various leadership positions within the organization. In December 2012, he was appointed to the Board of Management of Daimler AG and became responsible for the Greater China region. This role involves overseeing all of the company's activities in China, including passenger cars, vans, as well as financial services, thus playing a crucial role in expanding and strengthening Mercedes-Benz's presence in one of the world's most vital automotive markets. Before taking on his position in China, Troska gained extensive experience in the commercial vehicles business, holding various management positions in Spain, Germany, Brazil, and other countries. His in-depth understanding of both market dynamics and operational management has contributed to his success in the industry. Under his leadership, Mercedes-Benz has seen significant sales growth in China, establishing it as a key market for the company. Troska's efforts have focused on enhancing customer satisfaction, expanding dealership networks, and introducing new models tailored to Chinese consumers. Overall, Hubertus Troska's leadership has been instrumental in strengthening the brand's foothold in China and adapting its strategies to align with the demands of this dynamic market.

Mr. Markus Schafer
CTO of Devel. and Purchasing & Member of Management Board

Markus Schäfer is a prominent automotive executive, currently serving as a Member of the Board of Management of Mercedes-Benz Group AG. In his capacity, he is responsible for Development & Procurement, and also serves as the Chief Technology Officer (CTO). Schäfer was born in 1961 in Weidenau, Germany. He began his career at Mercedes-Benz in 1990, working initially in various planning and assembly roles. Over the years, he has held numerous key positions within the group, contributing significantly to the company's manufacturing strategy and technological advancements. Notably, he led the Mercedes-Benz Cars Production Division, overseeing global vehicle manufacturing operations. Schäfer is recognized for his contributions to the rise of electric and autonomous driving technologies at Mercedes-Benz. Under his leadership, the company has advanced its electric mobility strategies, investing in vehicle electrification and sustainable practices. Markus Schäfer holds a degree in Mechanical Engineering from the University of Kaiserslautern. He is known for his forward-thinking approach to automotive technology, aiming to merge traditional engineering excellence with cutting-edge innovations. Through his work, Schäfer seeks to reinforce Mercedes-Benz's position as a leader in the luxury automobile market.

Ms. Britta Seeger
Head of Mercedes-Benz Cars Marketing & Sales and Member of Management Board

Britta Seeger is a well-known figure in the automotive industry, particularly through her significant role at Mercedes-Benz Group AG. She was born on September 25, 1969, in Bonn, Germany. Seeger pursued her education in economics, which laid the foundation for her future career in the automotive sector. She joined the then Daimler-Benz AG in 1992 as part of the company's international trainee program. Her early career saw her engaging in various roles, particularly in sales and marketing, which led to valuable international experience and a deep understanding of global markets. Over the years, Seeger held numerous key positions within the company. Her leadership roles included responsibilities in sales and management in regions such as Korea and Turkey. Notably, she significantly contributed to the market development and strategic initiatives in these areas. In 2017, Britta Seeger was appointed to the Board of Management of Daimler AG, now Mercedes-Benz Group AG, and took on the role of Head of Marketing & Sales for Mercedes-Benz Cars. In this position, she became responsible for overseeing the global sales and marketing operations of the Mercedes-Benz Cars division, playing a crucial role in defining the brand’s market strategy, product portfolio, and customer experience initiatives. She is known for her innovative approach to customer engagement, digitalization, and sustainable mobility solutions, driving Mercedes-Benz’s efforts towards a more digitized and customer-centric future. Seeger's leadership has been instrumental in steering the brand through a rapidly changing automotive landscape with a focus on electric vehicle transformation and enhancing the customer journey. Britta Seeger's career at Mercedes-Benz is noted for her commitment to diversity, sustainable practices, and leveraging digital technologies to enhance the customer experience. Her work continues to have a considerable impact on the company's strategic direction and success in global markets.

Dr. Jorg Burzer
Member of the Management Board & Head of Production and Supply Chain Management

Dr. Jörg Burzer is a prominent figure at Mercedes-Benz Group AG, where he serves as a key executive. Born and educated in Germany, he has played a significant role in the company's production and supply chain operations. As of his latest known roles, Dr. Burzer is a member of the Board of Management of Mercedes-Benz Group AG, responsible for Production and Supply Chain Management. With a strong academic background in engineering, Dr. Burzer began his career at Mercedes-Benz in various engineering and management roles, leveraging his expertise to optimize production processes. Over the years, he has been instrumental in advancing Mercedes-Benz's manufacturing capabilities, focusing on innovation, efficiency, and sustainability. Dr. Burzer is known for his strategic vision in integrating cutting-edge technologies into production, which has been crucial as the automotive industry shifts towards electrification and more sustainable practices. His leadership has helped streamline operations and ensure that Mercedes-Benz remains a leader in the global automotive market. He is recognized not only for his technical acumen but also for his commitment to environmentally conscious production methods, aligning with the company's goals to reduce its carbon footprint while maintaining high standards of quality and luxury.

Ms. Sabine Kohleisen
Director of HR & Labor Relations and Member of Management Board

Sabine Kohleisen is a prominent executive known for her role at Mercedes-Benz Group AG. As a seasoned professional within the company, she serves as a member of the Board of Management with responsibility for Human Resources and Labour Relations. Kohleisen has been instrumental in shaping the human resources strategies of Mercedes-Benz, focusing on leadership development, diversity, and organizational culture. Kohleisen joined the company in 1992 and has since held various positions within the Mercedes-Benz Group, demonstrating expertise in multiple areas of the business. Her extensive experience includes roles in marketing, sales, and management, where she has developed a comprehensive understanding of the automotive industry. In her leadership position, Kohleisen advocates for innovation in HR practices, emphasizing employee engagement and the development of a future-ready workforce to align with the company's strategic goals. Her efforts contribute significantly to maintaining Mercedes-Benz's reputation as a leader in the global automotive sector.

Mr. Steffen Hoffmann
Head of Investor Relations & Treasury

Steffen Hoffmann is a notable figure at Mercedes-Benz Group AG, where he holds a key leadership position. Currently, he serves as the Head of Finance and Controlling of the Mercedes-Benz Cars division. Throughout his career at Mercedes-Benz, Hoffmann has amassed significant experience within the automotive industry, particularly in the financial management and strategic planning aspects of the business. Hoffmann's leadership roles have often focused on promoting financial stability and ensuring that the company maintains its competitive edge in a rapidly evolving market. His expertise in finance and his strategic vision have been instrumental in steering Mercedes-Benz through complex financial landscapes. With a strong background in finance and controlling, Hoffmann's work involves overseeing budgeting processes, driving cost efficiency initiatives, and aligning financial objectives with the company’s broader goals. His leadership is also critical in managing investments and ensuring sustainable growth for the brand globally. Hoffmann's contributions to Mercedes-Benz highlight his commitment to excellence and his pivotal role in shaping the financial health of the company. His work reflects the broader strategic priorities of Mercedes-Benz as it navigates challenges and opportunities in the automotive industry.

Dr. Thomas Laubert
Head of Legal Department

Dr. Thomas Laubert is a prominent figure within the Mercedes-Benz Group AG, serving as the Chief Compliance Officer. In this role, he is responsible for overseeing and ensuring that the company adheres to legal standards and internal policies, fostering a culture of integrity and transparency within the organization. Dr. Laubert’s expertise in compliance and governance is crucial for maintaining the company’s reputation and operational excellence. Before taking on his current position, Dr. Laubert held various roles within the company, contributing significantly to its compliance framework and corporate structure. He possesses a strong legal background, which has been instrumental in guiding the company's compliance strategies and risk management processes. Dr. Laubert is known for his commitment to ethical business practices and his proactive approach to addressing compliance challenges, making him a key leader in navigating the complex regulatory landscape faced by the automotive industry. His leadership ensures that Mercedes-Benz Group AG not only meets regulatory requirements but also sets a high standard for ethical conduct in the industry.

Contacts

Address
BADEN-WUERTTEMBERG
Stuttgart
Mercedesstrasse 120
Contacts