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Dieter Zetsche

Dieter Zetsche

Born 1953 · Age 72

German engineer and longtime Daimler / Mercedes executive; served as Chairman of Daimler AG / head of Mercedes-Benz (2006–2019) and later Chair of TUI AG; known for turnarounds at Freightliner and Chrysler and for leading Mercedes-Benz product revival.

Total Events
47
Career Span
72 years
Peak Net Worth
$160,000,000

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Life & Career Timeline

1953Age 0

Born in Istanbul, Turkey

Dieter Zetsche was born in Istanbul while his father worked on a dam construction project.

5/5/1953Source
Confidence
100%
1956Age 3

Family returned to Germany

Zetsche's family moved back to Germany (Frankfurt area) after his father's project in Turkey.

1/1/1956Source
Confidence
95%
1970Age 17

Early jobs: delivery truck driver and equestrian vaulting

As a young man Zetsche competed in equestrian vaulting and worked as a delivery truck driver (pre-university years). Approximate timing.

1/1/1970Source
Confidence
55%
1971Age 18

Began electrical engineering studies at University of Karlsruhe

Started study of electrical engineering (Diplom/engineering degree program).

1/1/1971Source
Confidence
95%
1976Age 23

Hired by Daimler-Benz (research department)

Joined Daimler-Benz's research department, beginning a multi-decade career at the company.

1/1/1976Net Worth: $20,000Source
Confidence
95%
1976Age 23

Graduated University of Karlsruhe (Electrical Engineering)

Completed degree in electrical engineering and graduated as an engineer.

1/1/1976Source
Confidence
98%
1981Age 28

Promoted to assistant development manager (Vehicles unit)

Became assistant development manager in the Vehicles business unit (promotion within Daimler).

1/1/1981Net Worth: $30,000Source
Confidence
90%
1982Age 29

Completed doctorate in engineering (University of Paderborn)

Awarded a PhD in engineering from the University of Paderborn.

1/1/1982Net Worth: $35,000Source
Confidence
98%
1984Age 31

Coordinator, commercial-vehicle development activities

Took on the role of coordinator for commercial-vehicle development (Daimler).

1/1/1984Net Worth: $50,000Source
Confidence
85%
1986Age 33

Senior manager / chief engineer, cross-country vehicle unit

Served as senior manager and chief engineer for cross-country vehicle projects.

1/1/1986Net Worth: $75,000Source
Confidence
80%
1987Age 34

Head of development & chief engineer, Mercedes-Benz Brazil

Relocated to Brazil to head Mercedes' engineering and product development centre.

1/1/1987Net Worth: $85,000Source
Confidence
85%
1989Age 36

President, Mercedes-Benz Argentina

Appointed president of Mercedes-Benz Argentina (executive regional leadership).

1/1/1989Net Worth: $120,000Source
Confidence
90%
1991Age 38

President, Freightliner Corporation (US)

Became president of Freightliner; credited with a rapid turnaround of the heavy-truck maker.

1/1/1991Net Worth: $300,000Source
Confidence
90%
1992Age 39

Led product-cycle transformation at Mercedes (chief engineer)

Played a key role in transforming Mercedes' product cycle (increased pace of new-model introductions).

1/1/1992Net Worth: $400,000Source
Confidence
85%
1992Age 39

Deputy member, Mercedes-Benz board of management (development)

Appointed deputy member of Mercedes-Benz board and chief engineer of the development division (passenger cars).

1/1/1992Net Worth: $550,000Source
Confidence
90%
1997Age 44

Member of the board of management (sales division) at Daimler-Benz

Elevated to the board of management responsible for sales at Daimler-Benz.

1/1/1997Net Worth: $2,000,000Source
Confidence
90%
1998Age 45

Daimler merger with Chrysler; Zetsche joined Daimler board

Following Daimler's 1998 merger with Chrysler, Zetsche became a member of DaimlerChrysler's board of management.

1/1/1998Net Worth: $3,000,000Source
Confidence
95%
1999Age 46

Member of board of management (commercial vehicle division)

Assumed responsibility for the commercial-vehicle division on DaimlerChrysler's management board.

1/1/1999Net Worth: $3,500,000Source
Confidence
90%
2000Age 47

Appointed President & CEO, Chrysler Group (mid-2000)

Became president and CEO of Chrysler Group (mid-2000); tasked with turning around Chrysler's U.S. operations.

1/1/2000Net Worth: $10,000,000Source
Confidence
85%
2001Age 47

Announced restructuring at Chrysler (firing 26,000; plant closures)

Public restructuring plan to cut 26,000 jobs, close six plants and renegotiate supplier deals as part of turnaround.

2/1/2001Net Worth: $10,500,000Source
Confidence
90%
2002Age 48

Detroit Auto Show stunt / high-profile public appearance

Performed a notable publicity stunt driving a Ram truck through a mock wall at the 2002 Detroit Auto Show (media attention).

1/1/2002Net Worth: $12,500,000Source
Confidence
90%
2003Age 50

Named World Trader of the Year (Detroit Regional Chamber)

Received the World Trader of the Year award from the Detroit Regional Chamber of Commerce.

1/1/2003Net Worth: $14,000,000Source
Confidence
90%
2005Age 52

Left role as CEO of Chrysler Group

Stepped down as President & CEO of Chrysler Group (tenure mid-2000 to 31 Dec 2005).

12/31/2005Net Worth: $22,000,000Source
Confidence
95%
2006Age 53

Appointed Member, Deutsche Bank European Advisory Board

Joined Deutsche Bank's European Advisory Board (listed as 2006–present).

1/1/2006Net Worth: $48,000,000Source
Confidence
90%
2006Age 52

Became Chairman of DaimlerChrysler / Head of Mercedes-Benz

Succeeded Jürgen E. Schrempp as chairman of DaimlerChrysler (later Daimler AG) and led Mercedes-Benz from 1 Jan 2006.

1/1/2006Net Worth: $45,000,000Source
Confidence
95%
2006Age 53

Named in Time magazine's 100 most influential people

Included in Time magazine's list of 100 most influential people (2006).

1/1/2006Net Worth: $47,000,000Source
Confidence
95%
2006Age 53

Vice President / leadership roles in automotive associations

Served on boards and in leadership positions: VDA (German Association of the Automotive Industry) Vice President, ACEA Board member and other industry bodies (active during 2000s–2010s).

1/1/2006Net Worth: $48,000,000Source
Confidence
80%
2006Age 53

Chrysler launches Employee Pricing Plus / 'Ask Dr. Z' campaign announced

Chrysler announced the Employee Pricing Plus program featuring Dieter Zetsche as 'Dr. Z' (ad campaign began 1 July 2006).

6/30/2006Net Worth: $48,000,000Source
Confidence
95%
2006Age 53

'Ask Dr. Z' advertising campaign launched

Campaign began on 1 July 2006 with TV, radio, online and NASCAR-targeted marketing featuring Zetsche as 'Dr. Z'.

7/1/2006Net Worth: $48,000,000Source
Confidence
95%
2006Age 53

'Ask Dr. Z' campaign withdrawn after poor market response

Chrysler withdrew the Dr. Z campaign about three months after launch amid sales decline and criticism (approx. Oct 2006).

10/1/2006Net Worth: $47,000,000Source
Confidence
90%
2007Age 54

Influence behind Daimler–Chrysler demerger

Was the main influence behind the demerger which ended the Daimler–Chrysler tie and resulted in the re-formed Daimler AG (2007).

1/1/2007Net Worth: $50,000,000Source
Confidence
90%
2009Age 56

Appointed to RWE Supervisory Board

Joined the supervisory board of energy company RWE (tenure 2009–2016).

1/1/2009Net Worth: $65,000,000Source
Confidence
90%
2011Age 58

Investigation into test-track fatality (involuntary manslaughter probe)

German prosecutors opened an investigation into whether Zetsche was responsible for an intern-caused fatal accident on a Daimler test track; widely viewed as an overreach and he was not held personally responsible.

9/16/2011Net Worth: $70,000,000Source
Confidence
90%
2012Age 59

Company profit warnings and weak China sales

Daimler issued profit warnings in 2012 (and again in 2013) amid weak China sales and labour tensions; this affected expectations about contract renewal length.

1/1/2012Net Worth: $72,000,000Source
Confidence
90%
2013Age 60

Contract renewal shortened to three years

After profit warnings and challenges, Zetsche's contract was renewed for only three years (shorter than the typical five-year renewal).

1/1/2013Net Worth: $75,000,000Source
Confidence
75%
2014Age 61

Reported pay & bonuses of €14.4 million

Received €14.4 million in pay and bonuses in 2014, ranking him as the second-highest paid employee at a listed German company.

1/1/2014Net Worth: $90,000,000Source
Confidence
95%
2015Age 62

Record year for Mercedes-Benz; contract extended to 2019

Following a record year for car sales and revenue in 2015, Daimler extended Zetsche's contract through 2019.

4/1/2015Net Worth: $110,000,000Source
Confidence
95%
2016Age 63

Left RWE Supervisory Board

Ended his tenure on the supervisory board of RWE (2009–2016).

1/1/2016Net Worth: $118,000,000Source
Confidence
90%
2016Age 63

Addressed the German Green Party conference

At the invitation of Green Party leadership, Zetsche addressed the party conference in 2016.

1/1/2016Net Worth: $115,000,000Source
Confidence
90%
2018Age 65

Appointments to multiple non-profit & advisory boards (selection)

By 2018 Zetsche was listed as member/chair of ESMT Board of Trustees, BDI Presidium (2018–2019), Brookings Int'l Advisory Council, Deutscher Zukunftspreis Board, BBUG trustee and others.

1/1/2018Net Worth: $130,000,000Source
Confidence
90%
2018Age 65

Elected to TUI AG Supervisory Board (member)

At TUI AG's annual general meeting in February 2018, Zetsche was elected as a member of the supervisory board.

1/1/2018Net Worth: $125,000,000Source
Confidence
95%
2018Age 65

Announced plan to step down as Daimler CEO in May 2019

Publicly announced he would step down as Daimler CEO in May 2019 and (per plan) become chair of the supervisory board in 2021, succeeding Manfred Bischoff.

9/26/2018Net Worth: $130,000,000Source
Confidence
95%
2019Age 66

Elected Chairman of TUI AG Supervisory Board

Shortly after leaving Daimler management, Zetsche was elected chairman of TUI AG's Supervisory Board (May 2019).

5/1/2019Net Worth: $152,000,000Source
Confidence
95%
2019Age 66

Stepped down as Chairman of the Board of Management at Daimler AG

Left the CEO / board of management role and headship of Mercedes-Benz on 22 May 2019; succeeded by Ola Källenius.

5/22/2019Net Worth: $150,000,000Source
Confidence
95%
2019Age 66

Joined Aldi Süd Advisory Board

Appointed a member of the advisory board of Aldi Süd (reported August 23, 2019).

8/23/2019Net Worth: $153,000,000Source
Confidence
90%
2020Age 67

Turned down offer to chair Daimler supervisory board

In September 2020 Zetsche declined the opportunity to chair Daimler's supervisory board.

9/1/2020Net Worth: $155,000,000Source
Confidence
85%
2025Age 72

Inducted into the Automotive Hall of Fame

Recognized for a long and versatile automotive career and inducted into the Automotive Hall of Fame (Class of 2025).

1/1/2025Net Worth: $160,000,000Source
Confidence
95%