Daimler president receives annual pension exceeding one million dollars after retirement

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Daimler president receives annual pension exceeding one million dollars after retirement

                     Daimler president receives annual pension exceeding one million dollars after retirement

Dieter Zetsche


                            Dieter Zetsche, president of Daimler AG, will receive a salary of 1.05 million euros                          yearsafter retiring



Dieter Zetsche

                                                                     According to a spokesman for the group, which is famous for the production of Mercedes luxury cars for the German Press Agency, confirming a report by the German newspaper "Bild am Sonntag" published on Sunday on the subject.

Dieter Zetsche


Zitsche will step down as chairman of the group's executive board in May, followed by Kellenweiss, head of development, and he is expected to receive his pension from 2020.

Dieter Zetsche


According to the spokesman, the annual salary of 1.05 million euros was reported in Daimler's latest report on the 2017 results. The report said the amount had been frozen at this level since 2005.

He is expected to join the supervisory and control board after the so-called rest period in 2021.


Dieter Zetsche


According to what is usual, he is expected to receive money but the spokesman said that the issue of granting funds to Ticic in this case and the value of these funds will be determined again in the event of joining the Supervisory Board.

Mr Tseche is entitled to a pension from the current pension system. "The frozen pension for Ticic since 2013 can be added to his pension by another 500,000 euros," the spokesman said.
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