Current CEO and President Stephen Cannon will be stepping down at the end of this year. Taking his place will be the current Vice President of Sales, Dietmar Exler.
Dietmar Exler has been with Mercedes-Benz since 2004 when he started with DaimlerChrysler Financial Services in Farmington Hills, Mich. From there, Exler became the chief operating officer of Daimler Financial Services Europe and a member of the board at Mercedes-Benz Bank. Exler returned to the U.S. in 2010 to become vice president for Mercedes-Benz Financial Services USA.
His predecessor Stephen Cannon was appointed to CEO back in 2012 after then CEO Ernst Lieb was dismissed due to abusing expense privileges. Cannon joined the company back in 1991 as the executive assistant to the CEO. After a stint a away from Mercedes in retail and advertising, he would return in 2007 as Vice-President of Marketing for the U.S.
What's next for Cannon?
Cannon will become the CEO of AMB Group on February 1st. This company is known for being the owners of the Atlanta Falcons NFL team among other interests.
“This is a truly special opportunity for me to move from an iconic brand that I love to a role working with an iconic leader and the diversified Blank family of businesses,” said Cannon in a statement released by AMB Group.