DETROIT DIESEL NAMES NEW CHIEF EXECUTIVE OFFICER

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DETROIT, Mich. — Detroit Diesel Corp. has appointed vice-chairman Ludvik F. Koci to chief executive officer.

Company chairman Roger S. Penske said “Lud reflects the significant experience, knowledge and talent that has been the key to the success of Detroit Diesel. Lud, along with our management team, looks forward to the many new opportunities resulting from our merger with DaimlerChrysler.”

Koci began his career with General Motors in 1954. When Detroit Diesel was purchased from General Motors, in 1988, he became executive-vice president; was named president in 1990; and became vice-chairman in 1997

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