NEWSMAKER-Schrempp ally Cordes to take over Mercedes

Newswire

By Alexander Huebner STUTTGART, Germany, July 29 (Reuters) - Eckhard Cordes, named on Thursday to head DaimlerChrysler's flagship Mercedes Car Group division, is a turnaround expert who made his mark as a loyal ally of Chief Executive Juergen Schrempp. Cordes, 53, has spent his professional life at Daimler since joining the carmaker as a trainee in 1976 and became such an insider that he helped negotiate Daimler-Benz's super-secret merger with Chrysler in 1998. Since late 2000 the ...

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