February 19, 2004 |
DaimlerChrysler gave Chief Executive Juergen Schrempp four more years to salvage his dream of creating a global carmaker and promoted three younger executives to key jobs across the group. The company said it planned to extend Schrempp's contract to 2008. It also announced the appointment of a new head of luxury cars unit Mercedes, a new finance chief and a new head of operations at Chrysler, all in their 40s.
February 10, 2004 |
DaimlerChrysler Chief Executive Juergen Schrempp testified Monday that he offered to resign as head of Daimler-Benz to make the German automaker's 1998 merger with Chrysler Corp. work. The testimony in financier Kirk Kerkorian's $3-billion fraud suit may bolster Schrempp's contention that he had no secret plan to gain control of Chrysler.
September 29, 2003 |
DaimlerChrysler Chief Executive Juergen Schrempp has resigned from the New York Stock Exchange board, a spokesman for the auto giant said Sunday. The decision comes as interim NYSE Chairman John S. Reed prepares corporate governance reforms in the wake of a controversy over the $140 million paid to former Chairman Richard Grasso. Schrempp, head of the world's fifth-largest automaker, resigned to "clear the way for changes," spokesman Han Tjan said.
April 12, 2001 |
DaimlerChrysler shareholders vented their anger at the auto maker's management Wednesday for a buying spree that turned sour, saddling the maker of Mercedes cars with troubled U.S. and Japanese divisions. Several critics at the company's annual shareholder meeting demanded the removal of board Chairman Juergen Schrempp for presiding over the evaporation of billions of dollars in stock value, mostly because of huge losses at the U.S.-based Chrysler Group.
May 7, 1998 |
In its merger deal with Daimler-Benz, Chrysler Corp. confronted one of the toughest captains of German industry in Daimler Chairman Juergen Schrempp. Details aren't yet known, but the deal between the two companies promises to leave the clear stamp of Schrempp, one of the most admired and feared of Germany's industrialists.
June 30, 1994 |
Daimler-Benz on Wednesday named Juergen Schrempp to succeed Edzard Reuter as chairman when Reuter, 66, steps down next May, ending months of speculation about who will lead Europe's largest industrial group into the 21st Century. Schrempp, 49, widely seen as the front-runner for the chairman's job, has until now been chairman of Daimler-Benz's aerospace and defense subsidiary, Deutsche Aerospace, or DASA. Schrempp first joined Daimler-Benz as a mechanic trainee for Mercedes cars.