Chrysler Corporation Elects W. Frank Fountain as Vice President

W. Frank Fountain, a seasoned veteran of the Chrysler Corporation, has been elected as the Vice President - Government Affairs, effective August 1, 1995. Fountain's appointment marks a significant transition, as he takes over from Michael M. Glusac, who has led the Government Affairs activity since 1982. In his new role, Fountain will be responsible for analyzing state and local government legislative issues, community relations, and the Chrysler Corporation Fund. Fountain brings a wealth of experience to the position, having joined the company in 1973 as an investment analyst and holding various finance positions, including Assistant Treasurer - Corporate Finance in 1985 and Assistant Controller - Corporate Financial Control in 1990.

Key Takeaways:

W. Frank Fountain has been elected as the Vice President - Government Affairs at Chrysler Corporation, effective August 1, 1995.
Fountain succeeds Michael M. Glusac, who has headed the Government Affairs activity since 1982.
Fountain's responsibilities will include analysis of state and local government legislative issues, community relations, and the Chrysler Corporation Fund.
He will report to Thomas G. Denomme, Vice Chairman and Chief Administrative Officer.
Fountain joined Chrysler in 1973 as an investment analyst and has held various finance positions, including Assistant Treasurer - Corporate Finance in 1985 and Assistant Controller - Corporate Financial Control in 1990.
He graduated from Hampton Institute with a B.S. degree and earned a Master's of Business Administration from the University of Pennsylvania's Wharton Graduate School in 1973.
Fountain serves on several boards, including Boys Republic (Youth Home) and the Wharton Alumni Association, and is a member of the Executive Leadership Council.

Statistics:

Fountain will be responsible for analyzing state and local government legislative issues and community relations, in addition to the operations of the Chrysler Corporation Fund.
He has served in various finance positions within the company, including Assistant Treasurer - Corporate Finance (1985) and Assistant Controller - Corporate Financial Control (1990).
Fountain is a graduate of Hampton Institute (B.S.) and the University of Pennsylvania's Wharton Graduate School (MBA, 1973).
He joined Chrysler in 1973 as an investment analyst, a position he held for 22 years prior to his election as Vice President - Government Affairs.

Sources:

PRNewswire, HIGHLAND PARK, Mich., July 6 (no date)
Chrysler Corporation (NYSE: C) Board of Directors release (no date)
Contact: Lori McTavish (313-956-1881) and Steve Harris (313-956-3164) of Chrysler (no date)