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Chrysler Financial Announces New Appointments

November 30, 2007

Farmington Hills, Mich. — Chrysler Financial announced several key appointments to further strengthen its leadership team and enhance its position as an independent provider of financial services.

Thomas F. Gilman was appointed executive vice chairman. In this role, Gilman will be responsible for providing strategic direction for all Chrysler Financial operations, finance and risk management activities. Gilman previously served as senior vice president and chief financial officer for Asbury Automotive Group and president of CEO Solutions LLC. He has a 27-year history with Chrysler Corporation, including a position of vice president and chief financial officer with Chrysler Financial Corporation in 1998. He has held 18 financial positions including dealer operations and credit, manufacturing, product development, sales, marketing, treasury and international operations.

Leland Wilson was named chief financial officer reporting to Gilman. In this position, Wilson will have responsibility for all finance, controlling, compliance, treasury and tax activities for Chrysler Financial. Wilson brings a strong financial background having served as senior vice president - Capital Markets for First Marblehead Corporation where he was responsible for the firm's securitization activities. Prior to this position, Wilson was the senior vice president and treasurer of Vanguard Car Rental.

Darcy Walker was appointed chief risk officer reporting to Gilman. Walker will be responsible for credit policy design, implementation and portfolio analysis as well as the development of strategic collection methods. Walker brings with her more than 25 years of experience at Citibank where she held the positions of vice president - Credit Card, vice president - Investment Bank and vice president - Group Credit. She was also the credit officer for U.S. Consumer Business Group and senior vice president - Global Risk Officer for Morgan Stanley.

All three appointees bring with them proven track records, a strong focus on performance and broad industry backgrounds. These appointments are effective immediately and will better position Chrysler Financial to best serve its diverse client needs.

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