Author: Elena Todorova
123jump.com
Last Update: 11:26 AM EDT August 06 2007
Chrysler’s new owner Cerberus Capital Management appointed Robert L. Nardelli a Chief Executive Officer of the troubled carmaker, due to his outstanding expertise. He is expected to help revitalize Chrysler which was sold by DaimlerChrysler because of huge losses at the U.S. company. Nardelli was a CEO of Home Depot before being ousted amid shareholder discontent over his enormous pay package.
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