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Auto Newcomer Will Head Chrysler-Fiat

Former Duracell chief sees 'exciting new era' after bankruptcy

By Ambreen Ali, Newser User

Posted May 20, 2009 4:42 PM CDT

(Newser) – Post-bankruptcy, Chrysler head Robert Nardelli will cede his position to former Duracell chief C. Robert Kidder. Kidder will run the new Chrysler-Fiat alliance being hashed out in court, the Detroit News reports. Kidder is currently lead director on the board of Morgan Stanley—one of Chrysler’s creditors—and his auto-industry experience is limited to a one-time consultancy.

“Bob will provide the leadership and strategic counsel that will help to create a strong global competitor moving forward,” Nardelli said of the appointment. “I am confident that Chrysler will emerge from Chapter 11 a lean and powerful competitor,” adds Kidder, saying Chrysler is “poised to launch an exciting new era.”

[Images (2)]

[Quotes (1)]

Kidder, former Borden Chemical and Duracell chairman, will become chairman of the new Chrysler once it acquires old Chrysler's assets and joins with Fiat. (AP Photo)

Chrysler chief Robert Nardelli plans to step down after the bankruptcy wranglings end. (AP Photo)

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My No. 1 priority has been to preserve Chrysler and the livelihoods of thousands of people who depend on its success.
- Chrysler CEO Robert Nardelli

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Auto Newcomer Will Head Chrysler-Fiat