Mercedes-Benz Group AG announced that Dr. Bernd Pischetsrieder stepped down after a decades-long career in the auto industry. He was for many years a member of the Board of Management of BMW AG and then Chairman of its Board of Management from 1993 to 2000. After moving to Volkswagen AG, he was also Chairman of the Board of Management there from 2002 to 2006.

He has been a member of the Supervisory Board of Mercedes-Benz Group AG since 2014, advising the management board on key strategic steps which included the spin-off of Daimler Truck AG and the rebranding of Daimler AG into Mercedes-Benz Group AG. Dr. Martin Brudermüller was elected to succeed Bernd Pischetsrieder as the Chairman of the Supervisory Board. Dr. Doris Höpke, former member of the Board of Management of Munich Re, was newly elected to the Supervisory Board.