Chrysler Financial – News
August 6, 2007
Contacts: Amber Gowen, 248-427-3126;
Cell 248-930-6174,
arp11@chryslerfinancial.com
Bill Porter, 248-427-3122;
Cell 248-219-6847
wrp4@chryslerfinancial.com
The New Chrysler Financial
- Key Ingredient in Driving Brand and Customer Loyalty
- Continued Commitment to Dealers and Customers
- Strong Management Team
Farmington Hills, Mich. — The New Chrysler Financial, created as a result of the transfer of assets from DaimlerChrysler AG to an affiliate of Cerberus Capital Management,L.P., begins operations today as a stand-alone company supporting the sales operations and dealer network of “The New Chrysler,” Chrysler LLC.
“Our role at Chrysler Financial is crystal clear,” said Paul Knauss, President and Chief Executive Officer, “to continue providing competitive financing services to our Chrysler, Jeep and Dodge dealers and to help them build customer loyalty to their brands. Our new status as a stand-alone company will help us do that more effectively and make us an even more valuable partner to Chrysler.”
“We also have the opportunity to expand beyond our traditional boundaries within automotive financial services,” said Knauss.
Knauss stated Chrysler Financial will offer the same level of service and programs as in the past and that thanks to a comprehensive transition plan there will be no disruption to any programs or services formerly offered. He added that the company hopes to be able to draw on the expertise of its new parent to potentially offer additional programs and services in the future.
Headquartered in Farmington Hills, Mich. and with offices throughout North and South America, the company’s 4,200 employees will continue to manage a global portfolio of $75 billion covering dealer and consumer financing.
Approximately 800 employees will remain in the company’s headquarters at 27777 Inkster Road. Chrysler Financial will continue to operate its eight business centers in major markets across the United States as well as four customer service locations, in addition to its operations in Canada, Mexico, Puerto Rico and Venezuela.
“It is our employees who make the difference and who will drive us into the future,” Knauss added. “Their enthusiasm about our future combined with the strong management team we’ve put in place will drive our innovation to make us the first-choice provider of financial services and keep us sharply focused on delivering results. We can’t wait to get started.”
The New Chrysler Financial Management Team
Paul Knauss, President and Chief Executive Officer
William F. Jones, Jr., Chief Operating Officer
Gino Cozza, President and Chief Operating Officer – Canada
Jim Haan, Vice President - Insurance Company
Tracy Hackman, Vice President and General Counsel
Mark Manzo, Vice President – Sales and Marketing
Machelle McAdory, Vice President – Human Resources and Administrative Services
Karla Middlebrooks, Vice President – Finance and Controlling
Pat Milantoni, Vice President– Customer Service and Collections
Johannes Riesterer, President – Mexico
Frank Werner, Vice President – International
About Chrysler Financial
Chrysler Financial offers automotive financial products and services to both dealers and consumers of Chrysler, Jeep® and Dodge vehicles in the U.S., Canada, Mexico, Puerto Rico and Venezuela. In addition to offering vehicle wholesale and retail financing to more than 4,400 Chrysler, Jeep and Dodge dealers, Chrysler Financial also provides fleet management and lines of credit to dealers. Currently, nearly three million drivers in the United States enjoy the benefits of leasing or financing with Chrysler Financial. Chrysler Financial has an employee base of 4,200 and supports a global portfolio of $75 billion. For more information visit corp.chryslerfinancial.com.