Share Name Share Symbol Market Type
Daimler AG XE:DAI XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.22 -5.91% 83.16 83.16 82.88 85.58 82.25 85.00 6,383,596 16:45:00

Mercedes-Benz Chief Technology Officer to Leave Company

24/08/2021 6:20pm

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By Ed Frankl


Daimler AG's Mercedes-Benz said Tuesday that its Chief Technology Officer Sajjad Khan will leave the company.

Mr. Khan, also a member of the Mercedes-Benz management board, will leave at his own request on Sept. 1 to pursue his own entrepreneurial activities, the Stuttgart-based car maker said.

Magnus Oestberg will join Mercedes-Benz and assume overall responsibility for the MB.OS--the car maker's vehicle-operating system--as chief software officer, also on Sept. 1, the company said.

Research-and-development activities for e-vehicles will now be brought together under Markus Schaefer, Mercedes-Benz Cars chief operating officer, as part of the electric-only direction of Mercedes-Benz, the company added.


Write to Ed Frankl at edward.frankl@dowjones.com


(END) Dow Jones Newswires

August 24, 2021 13:10 ET (17:10 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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