Report of the Supervisory Board
In connection with the audit en•
Hermann Josef Abs, Frankfurt/
Main, died on February 6, 1994. He
served as Chairman of the Supervisory
Board from 1955 to 1970 and subse•
gagement, the Supervisory Board and
KPMG had no disagreement with the
companys' records. We approved the
1
993 consolidated financial statements quently as Honorary Chairman. During
of Daimler-Benz AG as prepared by the his service Mr. Abs greatly influenced
Board of Management; and such finan•
cial statements are hereby ratified. We
concur with the proposal of the Board
of Management regarding the alloca•
tion of unappropriated profit. The con•
the development of Daimler-Benz and
we will always remember his achieve•
ments and exceptional personality
with great admiration and respect.
Professor Werner Niefer, a former
During 1993, the Supervisory
solidated financial statements, the busi• member of the Board of Management
Board held four formal meetings in
ness review and the external auditors'
which we were informed in detail con• report were submitted to us.
from 1975 through May 26, 1993, died
on September 12, 1993. On May 26,
1993, Mr. Niefer was elected to the Su•
pervisory Board. He was able to partici•
pate in the Board only for a very short
period. We would have liked to draw on
cerning the state of the company and
essential matters of corporate policy.
The Supervisory Board also discussed
these issues with the Board of Man•
agement. Our discussions focused on
medium-term corporate planning, in•
cluding but not limited to capital ex•
As s result of the regularly sched•
uled elections to the Supervisory
Board, at the Annual General Meeting
on May 26, 1993, a number of
changes were made in the Supervisory his energy and wealth of experience for
Board. Departing the supervisory
board were Prof. Dr.-Ing. Werner
a long time to come. As a replacement
for Mr. Niefer, Dr. Manfred Schneider,
Leverkusen, was elected to the Super•
visory Board on December 20, 1993.
penditures, trends in employment and Breitschwerdt, Stuttgart, Dr. Horst
earnings and further developments in
the structuring of the group. Addi•
tionally, we discussed major business
transactions and made decisions
concerning individual transactions
which, by either law or company
by-laws, required submission to the
Supervisory Board for review and
approval.
Burgard, Frankfurt/Main, Hans-Georg
Pohl, Hamburg, Dr. Wolfgang Röller,
Frankfurt/Main and Hermann-Josef
Strenger, Leverkusen. Elected to the
supervisory board were Mrs. Birgit
Breuel, Berlin, as well as Prof. Hubert
Curien, Paris, Dr. jur. Michael Endres,
Frankfurt/Main, Prof. Werner Niefer,
Stuttgart and Jürgen Sarrazin,
Mr. Herbert Lucy, Mannheim, died
on January 15, 1994. From the year
1965 until leaving the company in No•
vember, 1989, he had been a member
of the Supervisory Board as employee
representative, and as of 1978 as dep•
uty chairman. His committed efforts
on behalf of the employees, his consci•
entious cooperation and willingness to
work together with trust and respect,
earned him widespread appreciation
and recognition - both within and out•
side the company. We will remember
Mr. Lucy with great admiration.
Frankfurt/Main.
The Supervisory Board examined
the consolidated financial statements
and the business review of Daimler-
Benz AG and the group, as well as the
proposal for the allocation of unap•
propriated profit. KPMG Deutsche
Treuhand-Gesellschaft AG, Wirt-
schaftsprufungsgesellschaft,
Also departing the Supervisory
Board, at the close of the Annual Gen•
eral Meeting on May 26, 1993, were
the following employee representa•
tives: Richard Bollmann, Mannheim,
Helmut Funk, Stuttgart, Hugo Lotze,
We would like to take this oppor•
Reinhardshagen, and Siegfried Sauter, tunity to express our sincere gratitude
Frankfurt/Main, audited the financial
statements of Daimler-Benz AG and
the consolidated financial statements
of the group as of December 31, 1993, Kandel, Wolfgang Gabele, Bremen,
as well as the business review. The
Manfred Göbels, Leonberg, and Hel•
Frankfurt/Main. Elected to the Super•
visory Board were the following em•
ployee representatives: Willi Böhm,
to the outgoing members of the Super•
visory Board, some of whom belonged
to this Board for many years, for their
active participation and their highly
technical knowledge.
consolidated financial statements were mut Lense, Stuttgart. Franz Stein-
in accordance with generally accepted kiihler, Frankfurt/Main who resigned
accounting principles. The Supervisory from the Supervisory Board on June
Board approved the audit results of
KPMG in a joint meeting with the
21, 1993 was replaced by Walter Ries-
ter, Frankfurt/Main, on October 26,
Board of Management on April 7, 1994. 1993, by the appropriate legal body.