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DaimlerChrysler Announces Reorganization of Treasury Department

11 August 2000

DaimlerChrysler Announces Reorganization of Treasury Department

    AUBURN HILLS, Mich. and STUTTGART, Germany, Aug. 11 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.