This MedLibrary.org supplementary page on Jürgen E. Schrempp is provided directly from the open source Wikipedia as a service to our readers. Please see the note below on authorship of this content, as well as the Wikipedia usage guidelines. To search for other content from our encyclopedia supplement, please use the form below:
Related Sponsors
 |
Please wikify this article or section. Help improve this article by adding relevant internal links. (May 2008) |
 |
This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. (May 2008) |
Jürgen Erich Schrempp (born September 15, 1944 in Freiburg) was until December 31, 2005, the CEO of DaimlerChrysler, a German-American car and truck manufacturer. Following a decision of the board taken on July 28, 2005, he was succeeded on January 1, 2006, by Chrysler frontman Dieter Zetsche. Schrempp was the architect of the merger between Daimler Benz and Chrysler, which ultimately ended in failure.
Mr. Schrempp currently resides in Munich, Germany. He is married to Lydia Schrempp, with whom he has a daughter and a son. Mr. Schrempp has two sons, Alexander and Marc, from his previous marriage to Renate Lutz.
Mr. Schrempp’s international experience is the result of long-term assignments in Europe, South Africa and the United States and, over a more than forty-year career, managing a complex and global array of financial, organisational challenges. He has served as Board Member of Mercedes-Benz
of South Africa (1980-1982), President of EUCLID Inc., a U.S-based Daimler-Benz subsidiary (1982-1984), President of Mercedes-Benz of South Africa (1985-1987), the Board Member of Daimler-Benz AG responsible for Commercial Vehicles (1987-1989), and Chairman of the Board of Management of Daimler-Benz Aerospace AG (1989-1995). He was named Chairman of Daimler-Benz AG in 1995. After the merger with Chrysler Corporation in 1998, he was Co-chairman of DaimlerChrysler AG together with Robert J. Eaton until 2000. Since then, he has been Chairman of the Board of Management of DaimlerChrysler AG.
Under his leadership, Daimler-Benz made the acquisition of the Chrysler Corporation to become DaimlerChrysler. On the 14th of May, 2007, Daimler sold 80% of Chrysler to the private equity firm Cerberus.
Before becoming the CEO of Daimler-Benz in 1995, Schrempp headed the aerospace division of Daimler-Benz, then called DASA, which is EADS today. DASA acquired the Dutch aircraft manufacturer Fokker that was already in problems in 1993 after it signed the contract stating the intention to take Fokker over on October 30, 1992. Schrempp called Fokker his "love baby". On January 22, 1996, after having subsidized the losses of Fokker with billions of Deutsche Marks, Daimler-Benz decided to stop putting more money into Fokker that subsequently went bankrupt.
Mr. Schrempp has also been recognized for his civic leadership. He is the recipient of:
- Cross of the Order of Merit of the Federal Republic of Germany
- Bavarian Order of Merit
- Medal of Merit of the Federal State of Baden-Württemberg
- Commander of the National Order of Merit of the French Republic
- Commander of the French Legion of Honour
- The Vatican City’s Cross of the St. Gregorius Order
- Austrian Grand Decoration of Honor in Gold with Star for Services
- Brazilian Southern Cross.
- Woodrow Wilson Award for Corporate Citizenship1
He is a Director of the South African Coal, Oil and Gas Corporation Ltd., and Compagnie Financière Richemont S.A., Switzerland. Additional engagements include the Chairmanship of United Global Academy - UGA, the Advisory Board of Deutsche Bank, the European Advisory Board of Harvard Business School, and the German Council of INSEAD.
He was previously a non-executive director of Vodafone Group plc, after their 2000 take over of Mannesman Group.2
References
External links
- Dutch Wikipedia nl:Fokker 30 July 2005
- Daimler's nose dive: After reporting Germany's worst loss ever, the company dumps Dutch planemaker Fokker as diversification fails article in TIME International February 5, 1996 Volume 147, No. 6
| Persondata | |
|---|---|
| NAME | Schrempp, Jürgen Erich |
| ALTERNATIVE NAMES | |
| SHORT DESCRIPTION | German businessman; CEO of DaimlerChrysler |
| DATE OF BIRTH | September 15, 1944 |
| PLACE OF BIRTH | Freiburg |
| DATE OF DEATH | |
| PLACE OF DEATH | |
Wikipedia content modification information:
- This page was last modified on 22 October 2008, at 13:57.
Wikipedia Authorship and Review
Wikipedia content provided here is not reviewed directly by MedLibrary.org. Wikipedia content is authored by an open community of volunteers and is not produced by or in any way affiliated with MedLibrary.org.
Wikipedia Usage Guidelines
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article on "Jürgen E. Schrempp".
The URL for this specific entry is:
All Wikipedia text is available under the terms of the GNU Free Documentation License. (See Copyrights for details). Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc.