Chrysler Group LLC Announces Executive Appointments

Date: 11.24.09

PRESS RELEASE:

• Scott A. Sandschafer, Vice President and Chief Information Officer
• Walter P. Bodden Jr., Vice President and Treasurer
• Appointments effective December 1, 2009

Auburn Hills, Mich., Nov 24, 2009 -

In support of ongoing operations, Chrysler Group LLC is announcing executive appointments for the positions of Chief Information Officer and Treasurer effective December 1, 2009.

Scott A. Sandschafer is appointed Vice President and Chief Information Officer reporting to Sergio Marchionne, Chief Executive Officer, Chrysler Group LLC. In this position, Sandschafer is responsible for the support of all information technology applications and infrastructure supporting Chrysler Group’s business units in the U.S., Canada, Mexico, Europe and Asia.

Sandschafer joins the Chrysler Group from CNH America LLC, where he served as the Head of Information Systems - SAP Core Program. Sandschafer also previously lead numerous global information and communication technology programs at Accenture.

In addition, Walter P. Bodden Jr. is appointed Vice President and Treasurer reporting to Richard Palmer, Senior Vice President and Chief Financial Officer, Chrysler Group LLC.

In this position, Bodden is responsible for all Chrysler Group Treasury activities, including cash management processes, domestic and foreign investments, U.S. and Canadian pension funds, retiree trusts, employee managed savings, and banking and its related activities. Bodden joined Chrysler Corporation in 1984 and has held positions of increasing responsibility. Most recently, he served as the Chief Investment Officer for Chrysler Group LLC.

Jan A. Bertsch, Treasurer and Chief Information Officer, previously announced she will be leaving the Chrysler Group effective November 30, 2009, to pursue other opportunities.

“I am delighted to have Scott and Walter assume key roles at Chrysler Group. Their background and expertise will support the further development of our company. These appointments are part of the Chrysler Group’s strategy to continuously reinforce its management team, a strategy pursued through internal professional growth and the alliance with Fiat Group. I thank Jan for her contribution provided to the company and wish her the best in her future endeavors,” said Marchionne.

About Chrysler Group LLC

Chrysler Group LLC, formed in 2009 from a global strategic alliance with Fiat Group, produces Chrysler, Jeep®, Ram, Dodge, Mopar® and Global Electric Motorcars (GEM) brand vehicles and products. With the resources, technology and worldwide distribution network required to compete on a global scale, the alliance builds on Chrysler’s culture of innovation – first established by Walter P. Chrysler in 1925 – and Fiat’s complementary technology – from a company whose heritage dates back to 1899.

Headquartered in Auburn Hills, Mich., Chrysler Group LLC’s product lineup features some of the world’s most recognizable vehicles, including the Chrysler 300, Jeep Wrangler and Ram. Fiat will contribute world-class technology, platforms and powertrains for small- and medium-sized cars, allowing Chrysler Group to offer an expanded product line including environmentally friendly vehicles.

Source: Chrysler Media Services