New Chrysler CEO

DETROIT (AP) -- Chrysler's new private owners have picked the former boss of Home Depot to head the nation's number 3 automaker.

The company says Bob Nardelli has been elected chairman and CEO.

Nardelli says in a news release he's confident he can work with employees to "continue to momentum of Chrysler's recovery."

Tom LaSorda, Chrysler's chief executive since January 1st, 2006, was named vice chairman and president of Chrysler. He'll report to Nardelli.

LaSorda says Nardelli has a "proven track record of success."

Nardelli resigned from Home Depot in January after criticism over his pay and the company's slumping share price.


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  • by Bill Location: Belvidere on Aug 6, 2007 at 04:44 PM
    Having Nardelli taking over as CEO for Chrysler is scary. He managed to run Home Depot into the ground during his tenure there, and killed employee moral and customer service. Hopefully he doesn't do the same to Chrysler.
  • by Bridget Location: Rockford on Aug 6, 2007 at 03:16 PM
    I think Chrysler will do a lot better with an Amercan Company,bud I don't think it is the right CEO.
  • by SUNSHINE Location: FREEPORT on Aug 6, 2007 at 03:12 PM
    I THINK THE NEW CHRYSLER WILL DO VERY WELL NEW BOSSES AND A NEW START JUST WHAT THE COMPANY NEEDS
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