Former top BMW and Volkswagen executive Bernd Pischetsrieder is to become chairman of Daimler's supervisory board after a major shake up.

On 31 March, 2021, long serving chairman Manfred Bischoff will step down after his term expires and Petraea Heynike and Juergen Hambrecht will leave with him.

Three new members "with great international management experience" have been proposed for shareholders to consider at the AGM.

The candidates are Elizabeth Centoni, senior vice president Cisco strategy and emerging technology, who has held senior management positions at the California-based IT company for many years, Ben van Beurden, CEO of Royal Dutch Shell who has headed the multinational company since 2014 and Martin Brudermueller who has been chairman of the board of executive directors of BASF since 2018. He is also CTO there.

Pischetsrieder was for many years a member of the BMW management board and then chairman from 1993 to 2000. After moving to Volkswagen, he was also management board chairman from 2002 to 2006. From 2013 to 2019, he was chairman of the supervisory board of a reinsurance company and has been a member of the Daimler supervisory board since 2014.