The CEO’s contract needs to be extended.
(Picture: Mercedes)
Vienna Mercedes legal director Renata Jungo Brüngger likes to point out that companies unable to implement a sustainable business strategy would quickly lose their business base. The Swiss works according to the simple maxim “Sustainable or bankrupt company”.
Although the manager doesn’t win a popularity contest among power junkies, she does earn the respect of her co-workers, vendors, and her own board of directors. The Swiss apparently considers the latter indispensable. In any case, the 20-person Mercedes control board wants to extend Jungo Brüngger’s contract, which expires in December, once again, the Handelsblatt learned from business circles.
The extension must be decided at the next supervisory board in February. A three-year contract would be normal. Another contract length is also possible, according to inside sources. Mercedes explained: “Contract extensions for board members are the responsibility of the supervisory board. We will therefore not comment on it. »
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