DaimlerChrysler and Mitsubishi appointed Manfred Bischoff (58), Steven A. Torok (48) and Ulrich W. Walker (48) as future board members for the MMC-Board of Management which will have 10 members in total. The final approval for the company's appointees will be at the Annual General Meeting on the 27th of June, 2000.

In addition to his current position, Manfred Bischoff will be responsible for strategic partnerships and alliances in Asia. His focus will be on DaimlerChrysler's alliance with Mitsubishi. Dieter Zetsche remains responsible for the Asian region.

Steven A. Torok, currently Vice President Sales and Marketing Operations and Business Strategy for DaimlerChrysler Corporation, will become Senior Vice President and Head of International Operations together with Takashi Sonobe as Executive Director.

Ulrich W. Walker, currently responsible for Global Services Mercedes-Benz worldwide, as well as the Corporate Quality Management of DaimlerChrysler, will become Senior Vice President and Executive Director, with his Japanese colleague Yuhiko Kiyota, for product planning and marketing.

"The final talks with Mitsubishi are on schedule and continue to be cooperative. With Manfred Bischoff, Steve Torok and Ulrich Walker appointed to these top executive positions on the MMC-Board of Management, we have established the fundamentals for a successful cooperation," said Juergen E. Schrempp, chairman of DaimlerChrysler.