wtf@!!!!! wolfgang turned down the chairman and CEO position?!?!
ummm that wasn't supposed to happen. anyone have a subscription to autoblog to get the full article? seems i got this a day early.
from automotive news -
Quote:
Cerberus names Bob Nardelli as Chrysler CEO
Philip Nussel
With the ink not yet dry on its purchase, Chrysler LLC has named the controversial former Home Depot CEO Bob Nardelli as the new chairman and CEO of the automaker, according to a source familiar with the situation.
Chrysler's new majority owner, Cerberus Capital Management L.P., was expected to announce the appointment Monday morning. A press conference was scheduled in Auburn Hills, Mich., on Monday morning.
Nardelli, 59, served as the head of Home Depot beginning in 2000 before stepping down in January. He left the retailer with a $210 million bonus.
The move was a surprise for two reasons. First, Chrysler has been expected for several weeks to name former COO Wolfgang Bernhard to the top job. Bernhard was offered the title of non-executive chairman, but declined for personal ...
