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Chrysler Financial Appoints New CEO, COO

August 12, 2008

FARMINGTON HILLS, Mich. — Chrysler Financial has announced the appointment of Thomas F. Gilman to vice chairman/CEO and Darryl R. Jackson to COO. The announcement follows the retirement of former President/CEO Paul Knauss and former COO William F. Jones Jr.

"Paul and William have made significant contributions to Chrysler Financial's success over the years," said Gilman. "While it is difficult to lose two seasoned leaders, Chrysler Financial is on solid ground and I appreciate their dedication and commitment to ensuring the company is well-positioned for the future."

Gilman's new position combines the former roles of executive vice chairman and president/CEO. He will set the strategic direction that creates value and ensures the alignment of the company's performance with investor's expectations, according to the lender.

As COO, Darryl R. Jackson will be responsible for leading the company's sales and marketing activities. Jackson moved to Chrysler Financial from Chrysler LLC, where he held the position of vice president of U.S. sales.

"We are pleased to have Darryl join the team," said Gilman. "Darryl's strong finance background in combination with his extensive experience in sales and marketing at Chrysler and his relationships with the dealer body will be a great asset to us in our efforts going forward."

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