DaimlerChrysler AG (NYSE: DCX) Chairman Juergen E. Schrempp announced today the appointment of James P. Holden as Chief Executive Officer (CEO) of DaimlerChrysler Corporation (DCC), effective July 1, 2000, in addition to his current role as President.

“Jim’s experience is key at this important time in our company’s history,” said Juergen E. Schrempp, Chairman, DaimlerChrysler AG. “As CEO of the business unit that produces our Chrysler, Jeep and Dodge products, I expect that Jim will provide the leadership necessary for success in the highly competitive North American market and beyond.”

As President and CEO, Jim Holden has full executive, operational, and administrative responsibilities for DCC, and Chrysler, Jeep, Dodge and Mopar businesses. His role is broadened both internally and externally and includes interface with federal, state, local, union and other industry leaders.