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Daimler's Smart car brand CEO to depart

Annette Winkler, CEO of Daimler AG's Smart compact car brand, will step down Sept. 30, after eight years in the position.

Daimler said it will announce a successor later.

Winkler will continue to be a part of Daimler and will be appointed to the supervisory board of Mercedes-Benz South Africa effective Sept. 1, 2019.