Daimler AG announced today that Max Warburton admission as an Advisor to the management Board and head of special projects in the company. He reports directly to Ola Källenius, Chairman of the Board of management of Daimler AG and the Mercedes-Benz AG. The order is at 2. March 2020. Warburton comes from Alliance Bernstein, an American asset management and Research company.
“Max has a Wealth of Automotive Know-how. In addition to his strategic and financial perspective, he brings an exceptionally deep understanding of the operational, regulatory and technological complexity that we are missing to us“, said Ola Källenius. “I have known Max for many years and am delighted that he has agreed to cooperate with us. I had instructed him to find ways to sharpen our focus, accelerate our decision-making, to accelerate our strategy for the electrification, and to boost our competitiveness.“
Harald Wilhelm, in the Board of management of Daimler AG responsible for Finance & Controlling and Daimler Mobility: “I am delighted to have Max on the Team. He will play an important role, as we strive to reduce costs, improve Cash generation, to optimize the allocation of capital and increase our financial efficiency.“
The 45-year-old Briton Warburton was, since 2008, head of Automotive Research at Alliance Bernstein in London. From 2005 to 2008, he was Head of Global Automotive Research at UBS and has served from 2000 to 2005, the European auto sector at Goldman Sachs. Warburton consistently received the best ratings as an automotive analyst in Europe.
Source: Daimler AG