Jürgen E. Schrempp, Chairman
DaimlerChrysler AG from 1995 (Daimler-Benz
till 1998) to 31/12/2005.
APN, PR, 28 July 2005.
DaimlerChrysler Supervisory Board
announced today the following changes to the company’s
Prof. Jürgen E. Schrempp (60) to leave the company on
December 31, 2005
Dr. Dieter Zetsche (52) new Chairman of the Board of
Management, effective January 1, 2006
Thomas W. LaSorda (51) to head Chrysler Group, as of
January 1, 2006
Eric Ridenour (47) new Chief Operating Officer (COO) of
Prof. Jürgen E. Schrempp, Chairman of
the Board of Management of DaimlerChrysler
AG, will leave the company after 44 years of service at
the end of 2005. These years were distinguished by his
leadership of major group interests in South Africa, the
United States, and Germany as well as 17 consecutive years
in chairmanship positions at both Daimler-Benz Aerospace
(DASA) from 1988 to 1995, and Daimler-Benz AG, which later
became DaimlerChrysler AG, from 1995 to the present day.
Dieter Zetsche, new Chairman in 2006.
Dr. Dieter Zetsche, head of the
Chrysler group, will become Chairman of the Board of
Management of DaimlerChrysler AG, effective January 1,
2006, for a period of five years.
As successor to Dr. Zetsche, Tom
LaSorda, the present Chief Operating Officer (COO) of
Chrysler Group, will lead that division from January 1,
2006. He has also been appointed a full member of
DaimlerChrysler’s Board of Management with immediate
Eric Ridenour is promoted to the
position of Chief Operating Officer (COO) of the Chrysler
Group that will be vacated by Tom LaSorda, effective
January 1, 2006. His appointment, which also carries
membership of the Board of Management, is for a period of
“The Supervisory Board and Prof.
Schrempp are in full agreement that the end of the year
2005 is the optimal time for a change in the leadership of
the company,” said Hilmar Kopper, Chairman of the
Supervisory Board of DaimlerChrysler. “The decisions of
the Supervisory Board have been made unanimously after a
LaSorda to lead Chrysler Group from 2006.
DaimlerChrysler’s concentration on
its global automotive business is now firmly established.
The company’s strategy is clearly defined. Its product
and brand range, combined with its corporate presence in
some 200 countries, have created the company’s unique
position in the markets.
EADS/Airbus has developed into an
operation that sets the standard for successful European
Moreover, the financial results of the
second quarter of 2005 indicate that DaimlerChrysler
continues to develop positively.
The Chrysler Group has, through its
entire value chain, registered a substantial improvement.
The Commercial Vehicle Division now operates at historic
record levels. In addition, Financial Services is
developing positively at a high level.
Car Group reached its targeted turning point in
profitability on schedule during the second quarter of
this year. As a consequence of the new models and the
efficiency improving actions taken as part of the CORE
efficiency program the, Group anticipates continuous
“The balance sheet is sound and
cash-flow development is stable. The 2005 profit forecast
for the DaimlerChrysler group remains uchanged, and
significant earnings improvements are to be expected as of
the year 2006”, added Kopper.