FRANKFURT, June 22 (Reuters) - DaimlerChrysler (XETRA
CXGn.DE - News) will name trucks chief Eckhard Cordes to head its luxury Mercedes Car Group unit on July 28, Financial Times Deutschland reported on Tuesday, citing sources at the auto maker.
Cordes won key approval from employee representatives on the supervisory board by engineering a turnaround of its loss-making commercial vehicles division without resorting to layoffs, it said.
"He's done a brilliant job here," the paper quoted one source as saying.
DaimlerChrysler officials were not immediately available to comment. A spokesman had said on Monday the supervisory board had not yet decided, so any names mentioned for the job were still speculation.
Chief Executive Juergen Schrempp is reported to be unwilling to name a successor for Mercedes head Juergen Hubbert, whose contract expires in April 2005, without the support of unions.
Full Story HERE
CXGn.DE - News) will name trucks chief Eckhard Cordes to head its luxury Mercedes Car Group unit on July 28, Financial Times Deutschland reported on Tuesday, citing sources at the auto maker.Cordes won key approval from employee representatives on the supervisory board by engineering a turnaround of its loss-making commercial vehicles division without resorting to layoffs, it said.
"He's done a brilliant job here," the paper quoted one source as saying.
DaimlerChrysler officials were not immediately available to comment. A spokesman had said on Monday the supervisory board had not yet decided, so any names mentioned for the job were still speculation.
Chief Executive Juergen Schrempp is reported to be unwilling to name a successor for Mercedes head Juergen Hubbert, whose contract expires in April 2005, without the support of unions.
Full Story HERE
