Freightliner LLC President Jim Hebe recently was ousted and was replaced by a DaimlerChrysler executive who will focus more on profitability than on growing market share, according to the Wall Street Journal (WSJ).
Hebe was asked to resign because Freightliner could post an operating loss of $350 million to $500 million this year, according to the WSJ.
Hebe was replaced by Rainer Schmueckle, most recently senior vice president and controller of DaimlerChrysler, the parent of Freightliner LLC and Freightliner Custom Chassis Corp., a supplier of diesel pusher chassis to the motorhome industry.
Schmueckle also has experience as CFO of Freightliner LLC, DaimlerChrysler’s Portland, Ore.-based commercial vehicles subsidiary.
Earlier this year, Hebe announced he would eliminate 8,000 jobs from Freightliner’s payroll. The WSJ’s sources, who were not identified, did not know if Schmueckle will add to the previously announced job-cuts.