Daimler Truck will undergo what the company has heralded as a “generational transition”, with Karin Rådström set to take over as CEO from long-time incumbent Martin Daum.
Rådström will commence the role on October 1, 2024, with Daum set to remain as a full member of the board until December 31, 2024 to ensure as smooth a handover as possible.
Daum started his career with Daimler-Benz in 1987 and oversaw key transitions in the company’s North American operations as its North American CEO. He assumed his role on the Board of Management in 2017 and has played a crucial role in the improvement of Daimler’s battery-electric and hydrogen-based technologies.
Rådström joined Daimler Trucks’ Board of Management in 2021 and has been responsible for Mercedes-Benz Trucks over the past three years. Prior to her time at Daimler she held multiple leadership roles with Scania including Senior Vice President Buses & Coaches, and overseeing the company’s Sales and Marketing.
Chairman of the Daimler Truck Supervisory Board Joe Kaeser has paid homage to Rådström’s leadership ability ahead of the transition.
“We are delighted to win Karin Rådström with her outstanding industry knowledge and leadership skills as the new CEO of Daimler Truck Holding AG,” Kaeser says.
“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.”
Kaeser also paid tribute to the outgoing Daum for his services to the company.
“Personally, and on behalf of the entire Supervisory Board, I would like to thank Martin Daum for his commitment and outstanding results. He has been leading Daimler Truck’s transition from a conglomerate division into a successful DAX-listed company in a convincing manner,” Kaeser continues.
“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. 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.”
Rådström will remain in her current role until the succession is confirmed.
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