UPDATE 2-Daimler gives CEO three more years to chase rivals

Newswire

* Zetsche gets new CEO contract valid until end-2016 * Board dropped plans to give him five-year deal -sources * Mercedes production chief Bernhard to head up Trucks (Adds fund manager, Daimler comments) By Christiaan Hetzner FRANKFURT, Feb 21 (Reuters) - Daimler extended the contract of its chief executive by only three years in a gesture to investors concerned that rival premium carmakers are winning the race for global ...

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