"We are most fortunate that Bob Kidder will lead the new company through its transformation," Nardelli said upon announcing the news. "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."
Kidder is currently member of the board of several companies: Morgan Stanley, Schering-Plough and Microvi Biotech. As for Nardelli, he will return to Cerberus Capital Management LP as an advisor.
“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."
According to the terms of the agreement with Fiat, Chrysler will have to name a new board of directors as well. Chrysler says the majority of the board members will be independent and will come from neither Chrysler nor Fiat.
If you are interested in what Kidder achieved so far, you can follow this link.
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