21 June 2007 | Antony Barton
Procurement is set to leave the management board at car group DaimlerChrysler AG (DC).
The change follows the announcement in May of a takeover by Cerberus Capital Management. The business realignment leaves no board position for procurement.
The transformation has been eased with last week's declaration that purchasing head Thomas Sidlik is to retire. His departure becomes effective with the completion of Cerberus Capital Management's takeover of DC subsidiary Chrysler Group later this year.
Purchasing activities will be coordinated between the divisions with Bodo Uebber, head of finance and controlling/financial services, assuming overall responsibility for procurement.
Sidlik has been on the board since December 1998 and responsible for global procurement and supply since December 2003.
Dieter Zetsche, chairman of the board at DC and head of Mercedes Car Group, said it was a "logical step that he leaves the board" and it was a "mutual and agreeable decision by both".
Earlier this month, SM reported Peter Rosenfeld resigned as executive vice-president, procurement and supply at Chrysler Group after 25 years with the company.