In FRANKFURT story "UPDATE 1-DaimlerChrysler freshens up management board" please read in paragraph 7 ...Bodo Uebber, 43, currently the finance chief... instead of ...Bodo Uebber, 49, currently the finance chief... (corrects age)
A corrected repeat follows
FRANKFURT, Jan 31 (Reuters) - Carmaker DaimlerChrysler said on Friday it was trimming two members from its management board but extending its chief financial officer Manfred Gentz's contract by a year.
The world's fifth-largest carmaker said Gentz, 61, whose contract was due to run out at the end of this year, would stay on at least until the end of 2004 when the contract could be renewed again.
The head of the group's Chrysler arm, Dieter Zetsche, 49, and its Commercial Vehicles division chief, Eckhard Cordes, 52, who are both seen as possible successors to Chief Executive Juergen Schrempp, had their contracts extended by five years.
"It is important that Gentz is staying in this job because he is a very conservative CFO who has a long tradition of communicating well with the financial markets," said HVB analyst Georg Stuerzer.
"Zetsche and Cordes are both favoured by Schrempp. He has to bring in younger people because his contract ends in 2005, and there will be a discussion about his successor," Stuerzer said.
Daimler also said Klaus Mangold, 59, currently head of the group's leasing and financial services arm, as well as board members Manfred Bischoff, 60, and Gary Valade, 60, would leave the management board.
Bodo Uebber, 43, currently the finance chief of DaimlerChrysler Services, would take over from Mangold as the new head of the financial services unit.
DaimlerChrysler shares were up 1.4 percent at 28.16 euros in afternoon Frankfurt trade, bang in line with the DJ European autos index .