Chrysler LLC Announces Leadership Changes; Integrates Treasury and Information Technology Management

- Jan A. Bertsch Appointed Senior Vice President, Treasurer and Chief Information Officer

- Richard D. Houtman Vice President - General Counsel and Secretary to Retire

- Holly E. Leese Named Vice President - General Counsel and Secretary

AUBURN HILLS, Mich., Aug. 4 -- Chrysler LLC today announced the appointment of Jan A. Bertsch, Senior Vice President Treasurer and Chief Information Officer as part of an on-going effort to streamline functions for greater efficiencies. Bertsch will lead the efforts to consolidate Information Technology Management and Treasury into a new structure.

Under this integrated structure, Bertsch is responsible for the Company's global treasury operations. She continues to direct the Company's systems and computer hardware strategy and planning, systems applications development, data center operations and telecommunications network operations.

"As we move forward, we will continue to create organizational efficiencies and maximize the talents of our executive team," said Ronald Kolka, Executive Vice President, Chief Financial Officer and Office of the Chairman, Chrysler LLC. "Jan is a strong leader that will help take this effort to a new level."

Bertsch joined Chrysler in 2001 and was most recently Vice President and Chief Information Officer. In 2005, she was named to the Automotive News list of "100 Leading Women in the North American Auto Industry."

In addition, Richard D. Houtman, Chrysler LLC's Vice President - General Counsel and Secretary announced his decision to retire.

"Rick has been a tremendous asset to this organization during his 36 years of service dating back to the American Motors days," said Robert Nardelli, Chairman and Chief Executive Officer, Chrysler LLC. "We are grateful for his extraordinary contributions, including most recently his leadership in re- establishing a stand alone legal function for Chrysler LLC. His unwavering dedication and leadership has served this organization well and we wish Rick the best in his well-earned retirement."

With Houtman's departure, Holly Leese is named Vice President, General Counsel and Secretary for Chrysler LLC. She is responsible for the Office of the General Counsel. Her practice areas include executive compensation, employee benefits, acquisitions and divestitures, board/board committee matters, general corporate, financings and corporate governance issues. Most recently, Leese served as Assistant General Counsel - Corporate Affairs. She joined Chrysler in 1980.

Chrysler LLC, headquartered in Auburn Hills, Mich., produces Chrysler, Jeep(R), Dodge and Mopar(R) brand vehicles and products. Total sales worldwide in 2007 were 2.7 million vehicles. Sales outside of North America were the highest ever with an increase of 15 percent over 2006. Its product lineup features some of the world's most recognizable vehicles, including the Chrysler 300 and Town & Country, Jeep Wrangler and Grand Cherokee and Dodge Challenger and Ram. The Chrysler Foundation, the Company's philanthropic arm, annually supports hundreds of charitable organizations in the United States and throughout the world. In 2007, the Foundation gave approximately $21 million in charitable donations.