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Old 02-27-2007, 01:40 PM   #1
NYCshopper
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Default DaimlerChrysler chooses Bischoff as supervisory board chief

DaimlerChrysler chooses Bischoff as supervisory board chief

http://news.yahoo.com/s/afp/20070227...yusautocompany



Quote:
FRANKFURT (AFP) - German-US auto maker DaimlerChrysler said Tuesday that it had chosen EADS co-chairman Manfred Bischoff as its new supervisory board chief.

"In its meeting in Feburary 2007, DaimlerChrysler's supervisory board has declared its intention to elect Manfred Bischoff as chairman of the supervisory board," the car maker said in the agenda to the group's upcoming annual meeting published on its website on Tuesday.

The appointment will have to be approved by shareholders at the AGM on April 4.

Bischoff, who will be 65 on April 22, will replace the current supervisory board chief, Hilmar Kopper, former head of Deutsche Bank.

Bischoff's nomination has long been speculated about in the German press, but never officially confirmed until now.

Reports last November said that Bischoff would step down as co-chief of the EADS board of directors if he were named supervisory board chief at DaimlerChrysler because DaimlerChrylser is one of the controlling shareholders of EADS.
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