• Sari Baldauf to step down after 15 years of dedicated work on the Mercedes-Benz Supervisory Board
  • The Supervisory Board to propose entrepreneur and industry expert, Stefan Pierer, as Baldauf's successor at its annual general meeting

A new member will be appointed to the Supervisory Board of Mercedes-Benz Group AG: Sari Baldauf (67) is stepping down from the board after 15 years at the conclusion of the annual general meeting of Mercedes-Benz Group AG on May 3, 2023. Stefan Pierer (66) will be proposed as her successor at the annual general meeting.

"The Supervisory Board of Mercedes-Benz Group AG has a wide range of international expertise and experience. Stefan Pierer is a strong addition to the board, especially due to his in-depth industry know-how and his expertise in product and brand development. He is also a forward-thinking founder and entrepreneur who brings a deep understanding of how to successfully transform companies."
Bernd Pischetsrieder, Chairman of the Supervisory Board of Mercedes-Benz Group AG

Stefan Pierer, born in Austria in 1956, studied business and energy management at the Montanauniversität Leoben (Austria) and graduated with a degree in engineering in 1982. After holding various positions with the heating and ventilation manufacturer, Hoval, he founded his first investment company in 1987. Since 2011, the main company holdings have been bundled into Pierer Industrie AG, with Stefan Pierer serving as CEO and sole shareholder. In 2022, the industrial group recorded annual sales of around 3.5 billion euros and employed around 11,000 people. Companies that belong to Pierer Industrie AG include the Pankl AG Group and the PIERER Mobility Group, the latter of which includes world-renowned motorbike brands such as KTM, and HUSQVARNA Motorcycles.

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Mercedes-Benz Group AG published this content on 16 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2023 14:08:05 UTC.