Daimler Truck is installing its own CEO to lead Torc Robotics, ending a 17-year era of Michael Fleming’s leadership. The move folds the independent subsidiary further into the world’s largest truck maker.
Peter Vaughan Schmidt, currently head of Daimler Truck’s Autonomous Technology Group, will become Torc CEO on Oct. 1, Daimler Truck and Torc said Thursday.
Fleming co-founded Torc in 2005 while a graduate student at Virginia Tech. It became part of Daimler in 2019 when the truck maker acquired a...