CEO Robert Nardelli

By Chris Haak 04.17.2009 Chrysler CEO Robert Nardelli released a letter to all Chrysler employees that outlined the company’s progress in its rush to complete its merger with Fiat by April 30 and prove its viability to the Federal government by that point. Most of the letter’s contents are pretty unremarkable, but he does shed some light [...] Read Full Story

Cerberus passes over both LaSorda and Bernhard to bring in an auto industry outsider By Brendan Moore 08.05 2007 In a surprising move, Cerberus has appointed Bob Nardelli, formerly CEO of Home Depot, as Chairman and CEO of Chrysler. It was widely expected that Wolfgang Bernhard, an advisor to Cerberus, would be given the Chairman and CEO positions, but not only did that not happen, Ceberus released a a cryptic statement saying that Bernhard is no longer with Cerberus due to “family reasons”. The current CEO, Tom LaSorda, will remain on as president of Chrysler and report to Nardelli. LaSorda was also given a ... Read Full Story

By Brendan Moore 12.11.2007 All the people from Home Depot can now say, “I told you so”. When Robert Nardelli was hired on as CEO of Chrysler, people from Home Depot pointed to the fact that senior managers at Home Depot quit in droves during Nardelli’s tenure at Home Depot, and said it was only a matter of time before that history would repeat itself at Chrysler LLC. Jason Vines, the VP of Communications, and a direct report to Nardelli, submitted his resignation Friday, a mere four months after Nardelli moved into his office at Chrysler. Sources say that that the 47 year-old Mr. ... Read Full Story

Chrysler CEO Robert Nardelli says he will step down after the company emerges from bankruptcy protection. President Barack Obama announced Thursday that the automaker would file for Chapter 11 after the government could not reach a debt-reduction agreement with creditors. Nardelli says on the CNBC cable network that the Treasury Department did not ask him to resign. But he felt it would be an appropriate time to leave after bankruptcy. Chrysler has signed a partnership deal with Fiat. Nardelli says the new company will be run by a nine-person board, with six picked by the government and three by Fiat. The board will pick ... Read Full Story

Chrysler CEO Robert Nardelli told a bankruptcy judge he expects the sale of the bulk of Chrysler's assets to a group headed by Italy's Fiat Group SpA to close Friday, assuming the judge approves the deal. Read Full Story