In management news, Dr. Dieter Zetsche, currently head of the Chrysler Group, has been appointed Chairman of the Board of Management at DaimlerChrysler AG, beginning January 1, 2006.  He will also become the head of the Mercedes Car Group as of September 1, 2005.  Dr. Eckhard Cordes, the current head of the Mercedes Group, will be stepping down August 31, 2005, probably because he wanted Zetsche's job (pure speculation on our part).  In Chrysler news, Thomas W. LaSorda has been named the new head of the Chrysler Group. We wondered where Tommy went after leaving the Dodgers - oh wait, wrong Lasorda.  For the full fun-filled press release, including each executive's age, which I'm sure your just dying to know, read the press release below.


OFFICIAL PRESS RELEASE


DaimlerChrysler: Supervisory Board Decides On Personnel Changes

Stuttgart, Aug 18, 2005

The Supervisory Board of DaimlerChrysler AG today has taken the following personnel decisions:
As previously announced, Dr. Dieter Zetsche (52), at present Head of Chrysler Group, will be appointed Chairman of the Board of Management of DaimlerChrysler AG as of January 1, 2006. In addition, he will become Head of Mercedes Car Group as of September 1, 2005.

Dr. Eckhard Cordes (54), Head of Mercedes Car Group, will leave the company at his own request on August 31, 2005, after 29 years of service.

Thomas W. LaSorda (51) will become Head of Chrysler Group as of September 1, 2005. On the same date, Eric Ridenour (47) will succeed Thomas W. LaSorda as Chief Operating Officer (COO) of Chrysler Group. Ridenour has been appointed as Member of the DaimlerChrysler Board of Management for a period of three years starting on September 1, 2005.

Copyright © 2005, Daimler Chrysler AG