Peter Zieringer, president and CEO of Mercedes-Benz Financial Services USA and head of Daimler Financial Services’ Americas region, will leave his post to lead Daimler Financial Services’ European operations.
The move among a series of leadership shakeups sparked by the upcoming retirement of Klaus Entenmann, chairman and CEO of Daimler Financial Services.
Peter Henn, who leads operations in Africa and Asia, will succeed Zieringer as CEO and president of the captive and head of Daimler Financial Services’ Americas, which includes the U.S., Argentina, Mexico, Brazil and Canada.
Zieringer, 50, led Mercedes-Benz Bank before taking over the Americas region in 2011. He has been with Daimler since 1993. Henn, 47, joined Daimler Group in 2007 as head of corporate audit and corporate governance, and has been responsible for 11 markets in Africa and Asia Pacific since 2014.
After three decades with Daimler, Entenmann, 62, will step down in May 2019 to help ease the transition to a new leadership team before he retires in December, the company said in a statement Thursday. From May to December, he will focus on strategic projects and continue to develop the mobility services portfolio. In July, Daimler Financial Services will be Daimler Mobility.
All other leadership changes will take effect June 1.
Franz Reiner, 51, who is currently responsible for the company’s European operations and Mercedes-Benz Bank, will succeed Entenmann as CEO and chairman.
Yvonne Rosslenbroich, 50, head of human resources and director of labor relations, will be responsible for the Africa and Asia Pacific region.
“We are able to tap into a very experienced leadership team to ensure a smooth transition for the chairman position before Klaus Entenmann retires in December 2019,” Bodo Uebber, Daimler board member responsible for finance and controlling and Daimler Financial Services, said in a statement.
The company will soon announce successors for Reiner as CEO of Mercedes-Benz Bank and for Entenmann as the chairman of its supervisory board, the statement said.