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.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 8934682 -
Gray Television, Inc.