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
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)
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(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.” (Read more Chrysler stories.)