CEO change at Daimler Truck - virtual press conference with Joe Kaeser and Michael Brecht 05 Sep 2024

Joe Kaeser has over 40 years of experience at Siemens AG, where he has held a variety of leading positions in finance and strategy, both within and outside Germany. He began his career at Siemens in 1980 in the field of components and semiconductors, where he also worked in Malaysia and the United States. From 1999 until 2006 Joe Kaeser held leading management positions in the finance area as well as the position as Chief Strategy Officer at Siemens AG. He became Siemens AG´s Chief Financial Officer in 2006 and served as President and Chief Executive Officer of Siemens AG from 2013 to 2021.

Joe Kaeser is a member of the following other legally mandatory supervisory boards and comparable supervisory bodies:

• Siemens Engery AG (Chairman, listed)
• Siemens Energy Management GmbH (Chairman, further mandate in the Siemens Energy Group, not listed)
• Linde plc (listed)
• Daimler Truck AG (Chairman, group mandate, not listed)

Joe Kaeser holds memberships in economic and non-economic areas and is, among others, member of the Board of Trustees of the World Economic Forum and Head of the Advisory Council of the Munich Security Conference.

Michael Brecht was born in 1965 in Karlsruhe, Germany. He completed an apprenticeship as automotive fitter at Daimler-Benz in Gaggenau, followed by various continuing education measures, among others as a Refa assistant (Association for Work Design, Company Organisation and Corporate Development). In 2011, in parallel with his job, he completed a part-time study program at the Malik Management Center in St. Gallen with a Master of Management.

From 1981 on, Michael Brecht was active as member of the Gaggenau Youth and Apprenticeship Council and was elected as Chairman of the Central Youth and Apprenticeship Council in 1985. Since 1990, he has been a member of the Works Council body in Gaggenau, where he also took the chair in the year 1998.

Michael Brecht is a member of the following other legally mandatory supervisory boards and comparable supervisory bodies:

• Daimler Truck AG (group mandate, not listed)

In addition to his activity as employee representative, he performs various honorary functions at the municipal and trade union level.