Daimler Truck stock gets new Australia Pacific CEO

Daimler Truck has a new chief executive for its Australia Pacific business. Craig Cubitt took over from Daniel Whitehead on Sunday, November 1, in a regional leadership change covering Australia and New Zealand.

TransportTalk reported on October 14 that Daimler Truck ISEAA chief executive Torsten Schmidt announced the appointment at the company headquarters in Mulgrave, Victoria. TransportTalk said Cubitt succeeds Whitehead, who led the local Mercedes-Benz, Freightliner and Fuso brands since 2014.

What has changed since the last report

Cubitt had led Daimler Truck Financial Services since 2021 and brings more than 21 years of experience across Daimler Truck and Mercedes-Benz. His previous roles included senior positions in Australia, New Zealand and Hong Kong, giving him experience across financial services, commercial operations and business strategy.

The regional unit sells and supports Mercedes-Benz and Freightliner trucks across Australia and New Zealand. Its portfolio includes the Mercedes-Benz Actros ProCabin and Freightliner Cascadia. For investors, the handover is an operating development rather than a new group financial forecast; the next test is how the regional team executes its commercial-vehicle and customer-service strategy.

Daimler Truck stock traded at 40.08 euros on Lang & Schwarz at 14:58 CET on Monday, November 2, 2026, 1.13 percent below the Xetra close of Friday, October 30, 2026, at 40.54 euros. Since the latest report at 07:51, the Lang & Schwarz quote has fallen from 40.55 euros to 40.08 euros, a 1.16 percent decline. Investors can follow the real-time quote of Daimler Truck stock.

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