The Torc Board of Directors has added a new member to its ranks: Martin Daum, Chairman of the Board of Management of Daimler Truck Holding AG.
Martin Daum was added to the board on January 1, 2023. He joins John O’Leary, president and CEO of Daimler Truck, Stefan Kürschner, CFO of Daimler Truck, Peter Vaughan Schmidt, Torc’s CEO and former head of Daimler Truck’s Autonomous Technology Group, and Michael Fleming, founder and former CEO of Torc. Peter Vaughan Schmidt became Torc’s CEO in October 2022, replacing Fleming who stepped down after more than 16 years.
Daum has been instrumental in Torc’s relationship as an independent subsidiary of Daimler Truck. “Following the pioneering work in recent years, Torc is now entering the next phase,” said Daum during the 2022 CEO transition. “The aim now is to establish Torc as a global company with four locations, bring autonomous trucking technology to perfection in the next few years, and ultimately to series production.”
“Martin Daum brings more than 25 years of leadership experience from the vehicle manufacturing and trucking markets to help guide Torc toward our commercial launch. I greatly value his advice and willingness to serve as a Torc Board member,” said Peter Vaughan Schmidt upon Daum’s appointment.
At Daimler AG, Martin Daum has been Member of the Board of Management, responsible for Daimler Trucks and Buses, from 2017 until 2021. He has been Chairman of Board of Management of Daimler Truck Holding AG since December 1, 2021. He is also Chairman of the Board of Management of Daimler Truck AG.
58 miles of perfect driving – CEO Martin Daum convinced himself of our #autonomous Freightliner truck in the U.S., whose advanced safety features made a secure journey possible. See for yourself 👇 pic.twitter.com/iMaPC185jn
— Daimler Truck AG (@DaimlerTruck) April 26, 2022