Joachim Zahn

Who was Joachim Zahn?

Professor Joachim Zahn was the chairman of Daimler Benz AG between 1971 and 1979.

Zahn was the youngest of four sons of a Wuppertal Lawyer. He himself studied law at Tübingen and later obtained a doctorate at Cologne based on a study on the limits of credit insurance. During the Second World War he served as an army officer in Russia and Italy. His career in commerce and industry began in 1947, and in 1958 he joined Daimler Benz as Financial Director. In 1965 he was appointed speaker of the management board, and became chairman of the main board in 1971. His time at the top was noteworthy, among other things, for the building of Europe's largest truck factory, at Wörth. Although he took over the company's chairmanship shortly before the economic crisis triggered by the 1973 oil shortages, the second part of his chairmanship coincided with a continuing period of profitable growth for the company which was able to accumulate substantial financial reserves: these would play an important part in the company's progress under subsequent leaders. Zahn himself remained actively involved with the business until his death, during his final years as an advisor to Jürgen Schrempp.