Source AP ©

Gettelfinger leaves DaimlerChrysler supervisory board

Ron Gettelfinger, the president of United Auto Workers, has stepped down from the supervisory board of DaimlerChrysler AG, a move expected given the sale of the majority of Chrysler to private equity firm Cerberus Capital Management LP in August.

The German automaker said in a statement Monday that Gettelfinger left the company's board, the equivalent of a U.S. board of directors, on Sept. 1. While a member of the board, he represented the company's workers and labor groups.

Key German union IG Metall said that it has nominated Brazilian Valter Sanches, a recent member of the company's World Employee Council, to replace Gettelfinger.

DaimlerChrysler shares were down 1.4 percent to EUR64.70 (US$88.61) in Frankfurt.

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