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Juergen Schrempp

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BUSINESS
July 29, 2005 | John O'Dell, Times Staff Writer
Juergen Schrempp, the German auto executive who engineered Daimler-Benz's 1998 takeover of Chrysler Corp., announced his resignation Thursday in what some analysts said was a stunning repudiation of his leadership. Schrempp will step down as DaimlerChrysler's chief executive Dec. 31. His replacement is Dieter Zetsche, 52, a Daimler veteran who has run U.S.-based Chrysler Group since 2000 and is credited with reviving its fortunes.
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BUSINESS
July 29, 2005 | John O'Dell, Times Staff Writer
Juergen Schrempp, the German auto executive who engineered Daimler-Benz's 1998 takeover of Chrysler Corp., announced his resignation Thursday in what some analysts said was a stunning repudiation of his leadership. Schrempp will step down as DaimlerChrysler's chief executive Dec. 31. His replacement is Dieter Zetsche, 52, a Daimler veteran who has run U.S.-based Chrysler Group since 2000 and is credited with reviving its fortunes.
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BUSINESS
February 19, 2004 | From Reuters
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.
BUSINESS
May 19, 2005 | From Bloomberg News
A New York judge signed an order Wednesday seeking the testimony in Germany of DaimlerChrysler Chief Executive Juergen Schrempp as part of a legal effort to force former New York Stock Exchange Chief Executive Richard Grasso to return at least $100 million in pay. Schrempp was an NYSE director from 2000 to 2003 and a member of the compensation committee while on the board.
BUSINESS
May 19, 2005 | From Bloomberg News
A New York judge signed an order Wednesday seeking the testimony in Germany of DaimlerChrysler Chief Executive Juergen Schrempp as part of a legal effort to force former New York Stock Exchange Chief Executive Richard Grasso to return at least $100 million in pay. Schrempp was an NYSE director from 2000 to 2003 and a member of the compensation committee while on the board.
BUSINESS
June 30, 1994 | MARY WILLIAMS WALSH, TIMES STAFF WRITER
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.
BUSINESS
May 7, 1998 | From Reuters
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.
BUSINESS
September 29, 2003 | Jeff Green, Bloomberg News
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.
BUSINESS
April 12, 2001 | TONY CZUCZKA, ASSOCIATED PRESS
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.
BUSINESS
February 10, 2004 | From Bloomberg News
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.
BUSINESS
February 19, 2004 | From Reuters
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.
BUSINESS
February 10, 2004 | From Bloomberg News
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.
BUSINESS
September 29, 2003 | Jeff Green, Bloomberg News
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.
BUSINESS
April 12, 2001 | TONY CZUCZKA, ASSOCIATED PRESS
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.
BUSINESS
May 7, 1998 | From Reuters
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.
BUSINESS
June 30, 1994 | MARY WILLIAMS WALSH, TIMES STAFF WRITER
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.
BUSINESS
May 1, 2004
* Automaker DaimlerChrysler will keep its 37% stake in Mitsubishi Motors Corp. despite its decision to stop pumping money into the troubled Japanese partner, Chief Executive Juergen Schrempp said. * San Carlos, Calif.-based Liberate Technologies Inc., which has had almost $1.25 billion in net losses in six years, filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
BUSINESS
June 7, 2005 | From Bloomberg News
DaimlerChrysler will invest $40 billion on North American factories over the next five years, Chief Executive Juergen Schrempp said. Schrempp, in a speech in Washington, didn't disclose details. The investment includes tooling, manufacturing improvements and training for the Stuttgart, Germany-based company's Chrysler, Freightliner and Mercedes-Benz units, spokesman Jason Vines said.
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