Daimler Trucks announces Top Management changes in its Asian Operation

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Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles Pvt. Ltd. (DICV), today reported important personnel changes in their Board of Management. Since August 2013, its Asian entities MFTBC and DICV are cooperating closely under the umbrella of Daimler Trucks Asia.

Mr. Marc Llistosella, currently Managing Director & CEO, DICV will become Head – Marketing, Sales & After-sales, Trucks Asia & DICV based at Tokyo, Japan, effective June 01, 2014. He continues to report to Dr. Albert Kirchmann, President & CEO of MFTBC and Head of Daimler Trucks Asia. Mr. Llistosella has been leading DICV from a planning phase as a Greenfield Project until today, as the company has become a fully established player in the Indian CV market. He built the organization, the plant and led the development of a whole new product range under the brand BharatBenz for the Indian market as well as FUSO trucks for markets in Asia and Africa. In his new function he will lead all Marketing, Sales & After-sales related areas of Daimler Trucks Asia, including DICV & MFTBC, Japan and will continue to oversee DICV’s Indian operations, overall.

Mr. Erich Nesselhauf, currently Vice-President – Supply Chain Management, DICV, will become Managing Director & CEO of DICV, effective June 01, 2014 and will be based in India. He has been involved in the DICV Greenfield project from 2008 and has built the entire supplier base for DICV from the very beginning, achieving a localization of 85% for BharatBenz trucks at its Start of Production in 2012. In his new responsibility, he will be in-charge of the entire DICV operations in India, and will to report to Mr. Marc Llistosella.

Mr. Kai-Uwe Seidenfuss, currently MFTBC Senior Vice-President, Sales & After-sales, will become Head – Corporate Audit at Daimler AG, effective June 01, 2014, reporting to Dr. Dieter Zetsche, Chairman of the Board of Management Daimler AG. Heading Sales & After-sales at MFTBC in his current assignment, he has greatly contributed to the company’s operations, leading a big part of MFTBC’s growth programme which aims for a significant increase in global sales to more than 200,000 units by 2015 while extending FUSO’s leadership in the markets now numbering to more than 160, worldwide.

These changes have been decided by the Board of Management, Daimler AG, but as a formality are still subject to the approval by the Shareholders’ meeting and Board meeting in MFTBC.

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