MAKE/MODEL


YEAR


ARTICLES

-
www.flickr.com
This is a Flickr badge showing public photos and videos from cartype.com. Make your own badge here.
CT Broadcast
Cartype on Kindle
Cartype on Twitter

RSS RSS FEEDS

Subscribe to our web feeds:

 
 

Chrysler Group LLC names C. Robert Kidder as new Chairman

Filed under:  Brand Related
 
Comment(s): 0
 
 

May 20, 2009.
Chrysler LLC today announced that C. Robert Kidder, former Chairman of Borden Chemical Inc. and of Duracell International Inc., will become Chairman of Chrysler Group LLC, once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat SpA. He will succeed Robert L. Nardelli.

"We are most fortunate that Bob Kidder will lead the new company through its transformation," said Nardelli. "My number one 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."

With more than 40 years of experience, Kidder currently serves on the boards of Morgan Stanley, where he is the lead director, Schering-Plough Corporation, and Microvi Biotech Inc. He previously has served as Chairman and Chief Executive Officer of both Duracell International Inc. and Borden Chemical Inc. and as director of such companies as Electronic Data Systems Corporation and General Signal Corporation. During his tenure with McKinsey and Co. Inc., Bob worked with a major OEM client in the automotive industry. Bob currently is Chairman and CEO of 3Stone Advisors LLC, an investment firm that focuses on clean-tech companies. He holds an M.S., Industrial Economics from Iowa State University and a B.S., Industrial Engineering from the University of Michigan. He resides with his family in Columbus, Ohio.

“I am pleased to join Chrysler at a time when Chrysler is poised to launch an exciting new era,” said Kidder. "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."

Chrysler LLC announced on April 30, 2009, that, as a result of the comprehensive restructuring plan agreed to by many of its stakeholders, it had reached an agreement in principle to establish a global strategic alliance with Fiat to form a vibrant new company.

On the same day, Chrysler LLC and 24 of its wholly-owned U.S. subsidiaries also filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court for the Southern District of New York. Chrysler also filed a motion under Section 363 of the Bankruptcy Code requesting the swift approval by the Court of the agreement with Fiat and the sale of Chrysler's principal assets to the new company. The benefit of this type of filing is speed. It will allow a leaner new company to emerge in less than 60 days from the time of filing, well positioned for long-term viability.

Nardelli, Chrysler's Chairman and CEO since August 2007, announced on April 30 his plan to leave the company following the completion of the transactions. He will return to Cerberus Capital Management LP as an advisor. He said that it was "an appropriate time to let others take the lead in the transformation of Chrysler with Fiat, and I will work closely with all of our stakeholders to see that this new company swiftly emerges with a successful closing of the alliance."

As stated in the terms of agreement, upon successful completion of the alliance, a board of directors for the new company will be appointed. The majority of the directors will be independent (not employees of Chrysler or Fiat). The board will select a CEO with Fiat's concurrence.

(source: Chrysler)


chrysler new horz logo sm 07

2007 New (horizontal) Chrysler logo.

RELATED ARTICLES
Chrysler Plymouth   
Chrysler related emblems   
Chrysler ads   
Chrysler brochures   
Chrysler exhibits   
Chrysler commercials   
Chrysler Pacifica Advance Design Studio to Close   
Chrysler 300F Special Gran Tourismo : 1960   
Chrysler Expresso : 1993   
Chrysler 2008 September Sales   Down 33 percent from the same period last year.
Chrysler HEMI Heritage   
Chrysler Celebrates 25th Anniversary of the Minivan   
Chrysler October 2008 sales   Down 35 percent.
Chrysler November 2008 sales   A decrease of 41 percent.
Chrysler Adjusts Production as a Result of the Deteriorating U.S. Credit Crunch   
Chrysler Thanks the Administration   
Chrysler 2008 December Sales   A decrease of 53 percent from the same month in 2007.
Chrysler 200C EV : 2009   Inspired and soulful look at the new Chrysler DNA.
Fiat Group, Chrysler and Cerberus Announce Plans for a Global Strategic Alliance   
Chrysler related hood ornaments   
Chrysler 2009 January Sales   A decrease of 55 percent.
Chrysler LLC Reassigns Advertising Creative for the Jeep® Brand to BBDO   
Chrysler 2009 February Sales   A decrease of 26 percent.
Chrysler LLC Statement Regarding CAW Talks   
Chrysler 2009 March Sales   A decrease of 39 percent.
Chrysler and UAW Reach a Tentative Agreement   
Chrysler LLC and Fiat Group Announce Global Strategic Alliance   A Vibrant New Company.
Ford statement on Chapter 11 filing by Chrysler   
Chrysler LLC Launches New Global Corporate Advertising Campaign   Campaign debuts on network primetime television May 11, 2009.
Chrysler Receives Approval for Bankruptcy   Bankruptcy Court Approves Process for Transaction with Fiat and Creation of a New Chrysler.
Chrysler LLC Files Papers to Retain Majority of U.S. Dealer Network as Part of Company’s Sales Proce   
LINKS
Chrysler   Official site.
Chrysler EV   Official site.
 
 
COMMENTS
There have been no comments
POST A COMMENT
Name
URL
Email
Comment
HTML tags allowed: <a> <em> <strong> <blockquote>
Spambots begone
ABOUT EDITORS CONTACT

CARTYPE STORE


Chrysler 300b
(Diecast Models)
-
Advertise on Cartype
-
Twitter Facebook Vimeo YouTube Flavors.me Flickr Kindle
-
-
Car Shipping Companies
Auto Transport Quotes
DIVIDER_large
-

CARTYPE STORE

Go Faster. The Graphic Design of Racing Cars. Cars That Matter Italian Racing Red Car Design Yearbook 1
-
-

NOTICE

Much of the material on this website is copyrighted. Original articles appearing herein are subject to copyright. Please don't copy stuff from the site without asking; it may belong to someone! Any trademarks appearing on this site are the sole property of the registered owners. No endorsement by trademark owners is to be construed. The products, brand names, characters, related slogans and indicia are or may by claimed as trademarks of their respective owners. Every effort has been made whenever possible to credit the sources. The use of such material falls under the Fair Use provisions of intellectual property laws.