DaimlerChrysler has appointed Rainer Schmueckle to the newly created position of chief operating officer at its Mercedes unit, the German-American automaker said on Sunday, according to Reuters.
Go deeper with GlobalData
The position, which takes effect on April 15, reportedly will give Schmueckle oversight over cost cutting measures aimed at improving profitability in the automaker’s Mercedes-Benz and Smart brands.
The news agency noted that the appointment came just two days after DaimlerChrysler announced plans to restructure its money-losing Smart brand, spending up to $US1.56 billion this year, cutting 700 jobs and scrapping some models.
Reuters said Schmueckle was previously head of Business Unit Trucks NAFTA, part of Daimler’s Commercial Vehicles Division, as well as head of Daimler’s Freightliner truck unit.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
