DaimlerChrysler CEO to Step Down

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DaimlerChrysler’s embattled Chief Executive Juergen Schrempp will leave at the end of the year, the carmaker said in a shock announcement on Thursday that eclipsed good earnings and sent its shares soaring.


Daimler said Schrempp, whom disgruntled investors accused at their annual meeting of poor performance and shoddy leadership, had volunteered to hand over the reins of the world’s fifth-biggest automaker to Chrysler chief Dieter Zetsche.


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