Chrysler LLC named Bob Nardelli CEO.
The move comes just days after private equity firm Cerberus completed its purchase of Chrysler from DaimlerChrysler (DCX Quote). Chrysler's previous boss, Tom LaSorda, will stay on as vice chairman.
"We are excited to welcome Bob to the Chrysler family," said LaSorda. "Bob has a proven track record of success and an unwavering focus on performance, and brings deep operational experience and a broad industry background to Chrysler. His background in operations will provide valuable knowledge as we continue Chrysler's turnaround."
Nardelli's track record of success includes a recently completed six-year stint at Home Depot (HD Quote), where he was ousted in January with shareholders irate over his $210 million pay package and the stock's failure to advance during his tenure. ...
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