Report on the change of Daimler CEO caused a decline in the share price of the German automaker

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Daimler, the German company, which manufactures cars, reported the departure of Dieter Zetsche from the post of chief executive after the annual shareholders meeting scheduled for May 22, 2019. The Supervisory Board took such a decision because of the difficulties associated with the transformation of the automotive industry. The new CEO will be Ola Källenius, 49, responsible for research and development. Zetsche's candidature will be presented to shareholders for approval as chairman of the Daimler Supervisory Board in 2021. These reports led to the fact that Daimler shares fell 1.4%.

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