Daimler, VW dampen speculation about imminent CEO succession

Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said on Thursday, adding that any potential candidates would most likely come from within their respective companies. Daimler chief Dieter Zetsche and Martin Winterkorn, who heads up Volkswagen, were both asked during a panel discussion in Munich whether succession was imminent and whether a suitable candidate had emerged. Zetsche said it was generally unwise to speculate in public about who would become the next chief executive, because premature exposure may prove disruptive to a smooth succession process. Daimler has a number of internal candidates who have the opportunity to prove themselves as being worthy, Zetsche added somewhat cryptically.

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