Mercedes 2001 Annual Report Download - page 123

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Report of the Supervisory Board 119
the Supervisory Board unanimously extended into the
year 2005 the appointments of Jürgen E. Schrempp as
Chairman of the Board of Management and Jürgen
Hubbert as member of the Board of Management with
responsibility for the Mercedes-Benz Passenger Cars &
smart division. Rüdiger Grube was appointed as deputy
member of the Board of Management for a period of
three years with responsibility for corporate develop-
ment.
In December, the Supervisory Board discussed the
premises for economic developments in the following
years in order to create a basis for the next medium-
term planning in February 2002. There was also a pre-
sentation on the work of the newly established Execu-
tive Automotive Committee (EAC). This focused mainly
on the potential for further intensive cooperation
between the individual brands and divisions.
The DaimlerChrysler financial statements for
2001 and the business review report were audited by
KPMG Deutsche Treuhand-Gesellschaft Aktiengesell-
schaft Wirtschaftsprüfungsgesellschaft, Berlin and
Frankfurt/Main, and certified without qualification.
The same applies to the consolidated financial
statements according to US GAAP. These are prepared
in euros and supplemented by a business review report
and additional notes pursuant to Section 292a of the
German Commercial Code (HGB). In accordance with
Section 292a of the HGB, the US GAAP consolidated
financial statements presented in this report grant
exemption from the obligation to produce consolidated
financial statements according to German law.
All financial statements and the appropriation of
earnings proposed by the Board of Management, as
well as the auditors’ reports, were submitted to the
Supervisory Board. They were inspected by the
Financial Audit Committee and the Supervisory Board
and discussed in the presence of the auditors. The
Supervisory Board has declared itself in agreement with
the results of the statutory audit and has established
that there are no objections to be made.
In its meeting on February 19, 2002, the Supervi-
sory Board took note of the consolidated financial state-
ments for 2001, approved, and thereby adopted, the
financial statements of DaimlerChrysler AG for 2001,
and consented to the appropriation of earnings pro-
posed by the Board of Management. Further major top-
ics at that meeting were the medium-term corporate
planning for 2002-2004, including investment, human
resources and earnings objectives, as well as the scope
of financing limits for the year 2002.
In April 2001, Mr. Robert E. Allen and Lord
Browne of Madingley retired from their positions as
members of the Supervisory Board representing the
shareholders. In the 2001 Annual Meeting Mr. Earl G.
Graves and Prof. Victor Halberstadt were elected as
their successors. In December 2001, Mr. Willi Böhm
retired from the Supervisory Board after many years
as a representative of the employees. Mr. Udo Richter
was appointed as his successor.
The Supervisory Board expresses its gratitude to
the retired members, the DaimlerChrysler Board of
Management and the company’s employees for their
exceptional individual efforts in the year 2001.
Stuttgart-Möhringen, February 2002
The Supervisory Board
Hilmar Kopper
Chairman