Bankrupt U.S. automaker Chrysler LLC today announced that former chief of Borden Chemical and of Duracell International, will be appointed chairman of the new Chrysler once the company exits bankruptcy and completes the alliance with the Fiat Group. Kidder will take the place of Robert Nardelli who will retire from his position after Chrysler emerges from Chapter 11 bankruptcy protection.
"We are most fortunate that Bob Kidder will lead the new company through its transformation," said Nardelli. "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."
C. Robert Kidder said: "I am pleased to join Chrysler at a time when Chrysler is poised to launch an exciting new era. 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."