The Mercedes-Benz parent company Daimler has named Airbus Chief Financial Officer Harald Wilhelm as the new Chief Financial Officer after Bodo Uebber announced his resignation last October.

Mr. Wilhelm will join Daimler's Board of Management in April with a first term of three years. He will take over as Chief Financial Officer when Mr Uebber officially tries again on 22 May to replace Dieter Zetsche, longtime Chief Executive Officer, for Ola Kallenius.

The moves at the top come at a critical time for Daimler, whose shares have almost halved since peaking in March 2015 as investors worry about costly investments in electrification and autonomous technology. Many analysts believe that the auto industry has already reached a cyclical turnover. Nevertheless, Daimler expects 2019 a ninth record year in a row.

CEO Manfred Bischoff said Wilhelm has "many years of international experience" to help Daimler transform into a provider of mobility services.

Mr. Wilhelm, 52, has served Airbus since 2000 and was appointed to the Executive Board in June 2012. From 1992 to 2000, he held various positions in Daimler's former aerospace division, helping to found Airbus as a new company.

Irrespective of this, Daimler said that the Supervisory Board had extended the contract of Mercedes-Benz Sales Manager Britta Seeger (49) for another five years until December 31, 2024. Ms Seeger was appointed to the Executive Board in January 2017.