Rudiger Grube, a member of DaimlerChrysler AG's Board of Management, will represent the automaker on the board of a holding company overseeing Chrysler, a source familiar with the plan said Saturday.
Grube will be a member of the Chrysler Holding LLC board, overseeing automaker Chrysler LLC and Chrysler's financial services operations, according to the company source, who declined to be identified because an announcement hasn't been made.
Peter Duda, a spokesman for Cerberus Capital Management LLC, said Saturday he didn't have information about board appointments. The private equity firm finalized its purchase of a majority stake in Chrysler from DaimlerChrysler on Aug. 3.
A message seeking comment was left Saturday with a DaimlerChrysler spokesman.
Grube has been a member of DaimlerChrysler's board since 2001. He is responsible for corporate development, including corporate strategy, mergers and acquisitions, and worldwide information technology.
The decision to appoint Grube to the board was reported earlier by the German trade publication Automobilwoche and The Detroit News.
DaimlerChrysler transferred an 80.1 percent stake in Chrysler to New York-based Cerberus in a $7.4 billion deal. The German automaker, which is to be renamed Daimler AG, retained a 19.9 percent interest in Chrysler.
