New Chrysler CEO announced - DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat
 
LinkBack Thread Tools Rate Thread Display Modes
post #1 of 1 (permalink) Old 05-21-2009, 03:20 PM Thread Starter

 
Join Date: Oct 2008
Posts: 336
Feedback: 0 / 0%
                   
Post New Chrysler CEO announced

C. Robert Kidder will become chairman of the new automaker resulting from the alliance of Chrysler LLC and Fiat SpA, replacing Robert Nardelli, who has said he will step down once the company emerges from bankruptcy.

Kidder is former chairman and chief executive of Borden Chemical Inc. and Duracell International Inc. He is the lead director on the board of Morgan Stanley, which is one of the creditors that agreed to take a loss by swapping $6.9 billion in Chrysler debt for $2 billion in cash. Kidder also is on the boards of Schering-Plough Corp. and Microvi Biotech Inc. Former board duties have included Electronic Data Systems Corp. and General Signal Corp.

His lone automotive experience was during his tenure with McKinsey and Co. Inc. when he worked with a client in the industry.

He will take over once Chrysler Group LLC buys the desired assets of Chrysler. A hearing on the asset sale is set for May 27 in New York.

Kidder currently is also chairman and CEO of 3Stone Advisors LLC, an investment firm that specializes in “clean-tech companies.”

“We are most fortunate that Bob Kidder will lead the new company through its transformation,” Nardelli said. “My No. 1 priority has been to preserve Chrysler and the livelihoods of thousands of people who depend on its success. With his broad expertise serving on numerous world-class boards and his accomplished business background, Bob will provide the leadership and strategic counsel that will help to create a strong global competitor moving forward.”

Kidder lives in Columbus, Ohio, and earned a degree in industrial engineering from the University of Michigan.

“I am pleased to join Chrysler at a time when Chrysler is poised to launch an exciting new era,” he said. “I am confident that Chrysler will emerge from Chapter 11 a lean and powerful competitor, combining its own rich history of innovation with Fiat’s technology and expertise to invigorate the American car market and to challenge other car companies around the globe.”

The new Chrysler-Fiat will have a new board of directors, with the majority being independent.

Nardelli returns to Cerberus Capital Management LP as an adviser.



More...
Auto Reporter is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

Member names may only be composed of alpha-numeric characters. (A-Z and 0-9)

!!ATTENTION ADVERTISERS!! If you intend on advertising anything on this forum, whatsoever, you are required to first contact us here . Additionaly, we do NOT allow BUSINESS NAMES unless you are an Authorized Vendor. If you own a business, and want to do sales on this site via posting or private message, you will need to follow the rules. Shops, Stores, Distributors, Group Buys without being authorized will see your account terminated.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome