Daimler CFO Bodo Uebber won’t renew his term after it ends in 2019

Daimler’s finance chief Bodo Uebber won’t look forward to renew his contract once it expires in December 2019, the automaker stated late on Sunday.

The announcement marks the recent senior management change at Daimler. In September, Daimler named research chief Ola Kaellenius as its next chief executive officer to succeed CEO Dieter Zetsche.

Chief Financial Officer Uebber had been a contender for the top job.

Daimler has not announced a reason for the decision.