Auburn Hills/Stuttgart - DaimlerChrysler AG announced effective immediately the appointment of Michael Muehlbayer, Senior Vice President and Treasurer, replacing Thomas P. Capo, who has announced his intent to leave the company in order to pursue other interests. Muehlbayer reports to Manfred Gentz, Chief Financial Officer DaimlerChrysler AG. Also, Timothy P. Dykstra is appointed Vice President and Treasurer, North America, reporting to Muehlbayer.  

"I regret Tom Capo's decision to step down from his role as Global Treasurer," said Gentz. "However, we are pleased to advance both Michael and Tim. Michael brings a wealth of global experience to this position and we are confident that his sophisticated financial skills combined with his broad knowledge of the company make him an ideal candidate. Tim's solid financial experience combined with his insight into the needs of the capital markets make him, together with Michael, an asset to us in dealing with Wall Street and the banking industry." 

Muehlbayer assumes responsibility for DaimlerChrysler's global Treasury functions. He most recently served as Vice President and Chief Financial Officer - Chrysler Financial Company L.L.C., in Southfield, Michigan. Muehlbayer joined DaimlerChrysler in 1985 as a finance manager. 

Dykstra will be responsible for Treasury activities pertaining to North America. He most recently served as Director - Corporate Finance and Capital Markets. Dykstra joined DaimlerChrysler in 1978 as a financial analyst for Chrysler Financial Corporation. 

(August 11, 2000)