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Mitsubishi Fuso Truck and Bus Corporation

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Daimler Trucks Announces Top Management Changes
in its Asian Operations

April 2, 2014
•  Mr. Kai-Uwe Seidenfuss, currently Head of Marketing, Sales & After Sales at MFTBC, becomes Head of Corporate Audit at Daimler AG effective June 1, 2014
•  Mr. Marc Llistosella, currently Managing Director & CEO at DICV, becomes Head of Marketing, Sales & After Sales Trucks Asia and DICV at MFTBC effective June 1, 2014
•  Mr. Erich Nesselhauf, currently Head of Supply Chain at DICV becomes Managing Director & CEO at DICV, effective June 1, 2014
Kawasaki, Japan / Chennai, India – Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles Pvt. Ltd. (DICV), today announced important personnel changes in their Board of Management. Since May 2013, MFTBC and DICV are cooperating closely under the umbrella of Daimler Trucks Asia.
Mr. Kai-Uwe Seidenfuss, currently Head of Marketing, Sales & After Sales, MFTBC, will become Head of Corporate Audit at Daimler AG effective June 1, 2014, reporting directly to Dr. Dieter Zetsche, Chairman of the Board of Management, Daimler AG. Heading MFTBC Marketing, Sales & After Sales in his current function, he has greatly contributed to the company’s operations, leading a big part of MFTBC’s growth program “FUSO 2015” which aims for a significant increase in global sales to more than 200,000 units while expanding MFTBC’s position in Asia and Africa.
Mr. Marc Llistosella, currently Managing Director & CEO, DICV, will assume the new function of Head of Marketing, Sales & After Sales, Trucks Asia and DICV based in Kawasaki, Japan, effective June 1, 2014. He will continue to report to Dr. Albert Kirchmann, President & CEO, MFTBC and Head of Daimler Trucks Asia. Mr. Llistosella has been leading DICV from a planning phase as a greenfield project until today, as the company has become a fully established player in the Indian commercial vehicles market. He built the organization, the plant and led the development of a whole new product range under the brand BharatBenz for the Indian market as well as FUSO trucks for markets in Asia and Africa. In his new function he will lead all Marketing, Sales & After Sales-related areas of Daimler Trucks Asia, including MFTBC and DICV, and will continue to oversee DICV’s Indian operations overall.
Mr. Erich Nesselhauf, currently Head of Supplier Management & Logistics Trucks Asia India, will become Managing Director & CEO of DICV based in Chennai, India, effective June 1, 2014. He has been involved in the DICV greenfield project from 2008 and has built the entire supplier base for DICV from the very beginning, achieving a localization of 85% for BharatBenz trucks at its start of production in 2012. In his new responsibility, he will be in charge of the entire DICV operations in India, and will report to Mr. Marc Llistosella.
These changes have been decided by the Board of Management Daimler AG, and are subject to approval by the Board of Directors and the Shareholders’ Meeting.
Daimler Trucks in Asia – MFTBC and DICV joining forces under the ‘Asia Business Model’
Since May 2013, Daimler Trucks has been announcing a close cooperation of its Asian entities MFTBC and DICV under the umbrella of Daimler Trucks Asia. While DICV has begun production and export of trucks under the FUSO brand, selected functions like R&D, Life-cycle management and some administrative functions have also been put under joint leadership. Both entities had a successful year with FUSO stabilizing sales and even doubling its African sales in the first 2 months of 2014, and BharatBenz becoming number 4 in the Indian market only 15 months after launch.

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About MFTBC
Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia's leading commercial vehicle manufacturers. In 2013, the company sold a total of about 172,400 vehicles including light-, medium- and heavy-duty trucks and buses. Daimler AG owns 89.29% of MFTBC shares and various Mitsubishi group companies own 10.71% of MFTBC shares. MFTBC is an integral part of the Daimler Trucks Division of Daimler AG.

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