Sep 05 2024
Karin Rådström to succeed Martin Daum as CEO of Daimler Truck
Leinfelden-Echterdingen – The Supervisory Board of Daimler Truck Holding AG has appointed Karin Rådström as the new Chief Executive Officer of the company effective October 1, 2024, and she is appointed in this function until January 31, 2029. She will succeed Martin Daum who will simultaneously resign as CEO paving the way for the next chapter of the company’s transformation. Martin Daum will remain as full member of the Board of Management until December 31, 2024, to support a smooth handover.
The Chairman of the Supervisory Board of Daimler Truck Holding AG, Joe Kaeser, thanks Martin Daum for his outstanding achievements and commitment in his nearly four decades long career at Daimler. “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. 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.”
Starting his career at Daimler-Benz AG in 1987, Martin Daum has been instrumental in shaping Daimler Truck’s global success. As CEO of Daimler Trucks North America, he played a key role in growing the local business. Today, the segment North America is one of Daimler Truck’s powerhouses. Since assuming the role as member of the Board of Management of the former Daimler AG for Trucks and Buses in 2017, Martin Daum and his leadership team have significantly increased revenues while strongly enhancing margins, thereby providing greater flexibility for future investments. Under his leadership, Daimler Truck has spearheaded the technological transformation with both battery electric and hydrogen-based drivetrains.
His successor, Karin Rådström, joined Daimler Truck’s Board of Management in 2021 and since then has been responsible for Mercedes-Benz Trucks. Within a short period of time, the trained engineer has successfully reshaped the segment profitability and advanced its transformation towards sustainability. With foresight and entrepreneurial spirit, she has introduced a range of new battery electric trucks while driving customer focus together with her team, leading to an enhanced service offering and an increased customer satisfaction. Before joining Daimler Truck, she oversaw Sales & Marketing as a member of the Executive Board at Scania. At her former employer, she previously also held the position of Senior Vice President, Head of Buses & Coaches. Read more
Source: DAIMLER TRUCK