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James Holden, the Chrysler group president who played a key role in the decision to ditch FCB Worldwide and consolidate the automaker's dollars 2.4 billion global business within the BBDO network, has lost his job in the wake of massive losses and a tumbling share price. He will be replaced by Dieter Zetsche, the head of Daimler-Chrysler's commercial vehicles unit. The move is not expected to affect the new agency arrangements.

James Holden, the Chrysler group president who played a key role in the decision to ditch FCB Worldwide and consolidate the automaker's dollars 2.4 billion global business within the BBDO network, has lost his job in the wake of massive losses and a tumbling share price. He will be replaced by Dieter Zetsche, the head of Daimler-Chrysler's commercial vehicles unit. The move is not expected to affect the new agency arrangements.