Daimler's designated chairman Zetsche tells newspaper he no longer wants the job

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Zetsche, a former chief executive of the company which owns the Mercedes-Benz brand, was due to take a seat as chairman on the board of directors, which in Germany is known as the supervisory board.

“Naturally I would like to have done the job. I also believe I would have done it well. But in the end I decided that I do not want it, that I renounce this opportunity,” Zetsche is quoted as telling the paper.

Daimler was not immediately available for comment.