Jurgen Schrempp, chairman and chief executive of DaimlerChrysler, has resigned from the board of directors at the New York Stock Exchange, the German automaker said on Sunday.

The move comes on the heels of the ousting of Chairman Dick Grasso after it was learned that he had inked a hefty $187.5 million pay deal. Schrempp, 59, was one of the first individuals to question Grasso’s compensation package, but deemed his resignation necessary to clear the way for changes at the exchange.

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