says C. Robert Kidder, former chairman and CEO of
, will succeed Robert Nardelli as chairman.
Kidder will become chairman of Chrysler Group once it acquires the operating assets of Chrysler and forms a global alliance with
Besides his role as chairman and CEO of 3Stone, which focuses on clean-tech companies, Kidder currently serves on the boards of
, where he is lead director. He has also been chairman and CEO of Borden Chemical and a consultant for McKinsey & Co.
A resident of Columbus, Ohio, he holds an M.S. in industrial economics from Iowa State University and a B.S. in industrial engineer from the University of Michigan.
C. Robert Kidder
"I am pleased to join Chrysler at a time when Chrysler is poised to launch an exciting new era," Kidder said in a prepared statement. "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."
Chrysler filed for bankruptcy protection on April 30, in an effort to restructure and combine with Fiat and emerge from court protection in less than 60 days. Nardelli, chairman and CEO since August 2007, announced that day that he would leave the company when the transactions are completed. A new board, composed primarily of independent directors, will select a CEO with Fiat's concurrence.