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Former Home Depot boss to Chrysler

Quote selected text Published August 7th, 2007 in NASCAR News

DodgeChrysler’s new chairman and CEO made his debut this morning at the automaker’s Auburn Hills headquarters. Chrysler’s Tom LaSorda, who had been CEO under DaimlerChrysler’s ownership, introduced Bob Nardelli, former head of Home Depot, at a morning press conference.

Cerberus Capital Management took 80.1% ownership of Chrysler on Friday. In its first bold move, it has named Nardelli as CEO and chairman of Chrysler. LaSorda keeps his president title and become vice chairman. He reports to Nardelli.

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