Karin Rådström takes over as CEO of Daimler Truck
Rådström has been on Daimler Truck’s Board of Management since 2021, after serving as a member of the Executive Board at Scania. She will remain responsible for Mercedes-Benz Trucks until a successor has been found. The Swedish engineer is credited with introducing “a range of new battery electric trucks” at Mercedes-Benk Trucks, while “[reshaping] the segment profitability and [advancing] its transformation towards sustainability.”
“We are delighted to win Karin Rådström with her outstanding industry knowledge and leadership skills as the new CEO of Daimler Truck Holding AG,” said Joe Kaeser, Chairman of the Supervisory Board. “She has proven that she is able to successfully advance the transformation of a brand while navigating a challenging external environment. As a true leader, Karin Rådström has been instrumental in establishing a new performance culture and fostering empowerment, diversity and customer focus. These principles are essential for Daimler Truck to master the transformation of mobility successfully and be our customers’ first choice. We wish her and her team great success and we are very much looking forward to continuing our collaboration.”
Her appointment to her new function as CEO of Daimler Trucks takes effect on 1 October and runs until 31 January 2029. Martin Daum, who has been with Daimler since 1987, will simultaneously resign as CEO while remaining on the Board of Management as a full member until the end of the year “to support a smoother transition.” Daum has been credited with “shaping Daimler Truck’s global success” and making it one of “Daimler Truck’s powerhouses.”
Kaeser thanked Daum for his 25 years with the company. “He has been leading Daimler Truck’s transition from a conglomerate division into a successful DAX-listed company in a convincing manner. Thus, he led it through one of its most eventful times in recent history and has been the key architect of Daimler Truck’s economic success and international reputation,” said Kaeser. “His dedication to the company, its customers and employees is remarkable. He is a ‘trucker’ with heart and soul. Martin Daum hands over a successful company which is well prepared for the challenges ahead.”
Daimler Truck employee representatives also welcomed Rådström’s appointment. “We have worked well and trustful with Karin Radström in the recent years,” said Michael Brecht, Vice Chairman of the Supervisory Board of Daimler Truck Holding AG and Chairman of the General Works Council. “It is important to us that Daimler Truck under her leadership remains a successful and future-proof company. Thereby, the interests of employees and shareholders must be taken into account equally. This is a prerequisite for secure and good jobs.
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