UAW head Gettelfinger leaves labour seat on DaimlerChrysler board News AutoNews24h.com

UAW head Gettelfinger leaves labour seat on DaimlerChrysler board

Auto News : Auto Industry : DaimlerChrysler : UAW head Gettelfinger leaves labour seat on DaimlerChrysler board

FRANKFURT, Germany (AP) _ United Auto Workers president Ron Gettelfinger has stepped down from the supervisory board of DaimlerChrysler AG, a move that was expected after the sale of the majority of Chrysler to private equity firm Cerberus Capital Management LP in August.

The German automaker said 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 labour 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 on the DaimlerChrysler board .

DaimlerChrysler shares were down 1.4 per cent to 64.7 euros (US$88.61) in Frankfurt.

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