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CHRYSLER NAMES VALADE EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER

 HIGHLAND PARK, Mich., May 6 /PRNewswire/ -- Chrysler Corporation (NYSE: C) announced today the election of a new Executive Vice President and Chief Financial Officer and two new Corporate Vice Presidents.
 Gary C. Valade was elected Executive Vice President and Chief Financial Officer replacing Jerome B. York who resigned earlier this week. In a related move, Thomas P. Capo, Chrysler Treasurer, was elected a company vice president and James P. Holden, a career sales and marketing executive, was elected Vice President - Corporate Personnel.
 As part of his new assignment, Mr. Valade has also been named to Chrysler's Office of the Chairman along with Chrysler Chairman R.J. Eaton, President R.A. Lutz, and Executive Vice President and Chief Administrative Officer T.G. Denomme. Valade will report directly to Mr. Eaton.
 "We've said we had tremendous bench strength in our finance organization and the promotion of Gary Valade and Tom Capo are proof of the confidence we have in that organization," Eaton said. "Gary has broad experience in the controller's function and will continue our emphasis on cost containment while Tom Capo will continue working with Wall Street, the banking community and our credit operations to further improve our balance sheet.
 "Jim Holden has spent the past year as part of our cross-functional management team investigating new and better ways to run the company," Eaton said. "This promotion will give him the opportunity to put some of that learning to work in our Personnel area."
 Valade joined Chrysler in 1968 and has spent most of his career in Controller's office functions. He was elected Vice President and Corporate Controller in November 1991, and was named Vice President - Corporate Personnel, in September 1992.
 Valade graduated from Michigan State University with a bachelor's degree in Electrical Engineering and received his MBA from M.S.U. in 1968. He is married and has three children.
 Capo, a 1973 University of Detroit finance and accounting graduate, received his MBA in Finance in 1975 and his master's degree in International Economics in 1980, both from the University of Detroit. He joined Chrysler in 1976 as a financial analyst in the Marine Division, was named Vice President and Controller of Chrysler Financial Corporation in July 1987, and became Treasurer of Chrysler Corporation in November 1991.
 Capo, who will also assume responsibility for Chrysler Financial Corporation and for Chrysler's Tax Office, will report to Valade.
 Holden joined Chrysler in 1981 as Fleet Development Manager in Truck Operations. Since that time he has held a number of sales and marketing jobs including General Manager of Chrysler-Plymouth and General Sales Manager of the Central Region before being named to the corporation's special study team in July 1992.
 Previous to joining Chrysler, Holden spent eight years in a variety of sales and marketing jobs at Ford Motor Company. He is a 1973 graduate of Western Michigan University and has an MBA from Michigan State University. Holden is married and has three children.
 In a related move, Kathleen M. Oswald today was appointed Executive Director, Corporate Personnel, reporting to Holden. Ms. Oswald joined Chrysler in 1972 as a secretary and has spent most of her career in the Personnel area. She was Compensation Programs Manager, Group Human Resources Manager, and Equal Employment Planning Manager, before being named Director, Compensation and Benefits Planning in September 1992.
 Ms. Oswald received a bachelor's degree in Industrial Management from Central Michigan University in 1979 and a master's degree in Personnel Administration from Central Michigan in 1986. She is married and has two children.
 -0- 5/6/93
 /CONTACT: Rita McKay, 313-252-8790, or Steve Harris, 313-956-3164, both of Chrysler/
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CO: Chrysler Corporation ST: Michigan IN: AUT SU: PER

SB -- DE034 -- 5685 05/06/93 17:11 EDT
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Publication:PR Newswire
Date:May 6, 1993
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