However DaimlerChrysler is keen to dispel rumours that the move signals a change in its strategy. “We emphasize that the plan to elevate Rolf Eckrodt will not result in stronger DaimlerChrysler involvement in MMC. Daimler- Chrysler's 37.3% stake in MMC, as well as its minority representation on the board, means that this investment will continue to be reflected in DaimlerChrysler's accounts 'at equity',” says a spokesman.
“We believe this move will lead to a more focused concentration of responsibilities among MMC's top management. DaimlerChrysler has every confidence that the new chief executive and his team will expedite MMC's turnaround process.”