The CEO of Daimler Truck will place the management of the DAX-listed company in new hands when his contract expires in February 2025.

"Martin's contract ends in February 2025, so today is his last Annual General Meeting," said Supervisory Board Chairman Joe Kaeser at the virtual shareholders' meeting on Wednesday. "He leaves behind a well-run company and plenty of room for his successor." Daum (64) promised full commitment to the truck manufacturer "until the last working day".

(Report by Ilona Wissenbach, edited by Myria Mildenberger. If you have any queries, please contact the editorial team at frankfurt.newsroom@thomsonreuters.com)