AUBURN HILLS, Mich. — Chrysler Group LLC has announced the appointment of additional members to its board of directors, completing the nine-member board that will provide oversight to the Chrysler Group.
“The formal creation of our board of directors is another important step toward building a viable Chrysler Group for the long term,” said C. Robert Kidder, acting chairman of the board, which is expected to hold its first meeting on July 29. “Our board members bring a wealth of talent and experience in areas such as transportation, finance and investing, energy and government. We will work together as a board of directors to support Chrysler Group’s success to the benefit of all stakeholders.”
Kidder, currently chairman and CEO of 3Stone Advisors LLC, was previously appointed to the Chrysler Group LLC Board of Directors on May 20. Joining Kidder on the board are: Alfredo Altavilla, CEO of Fiat Powertrain Technologies; James Blanchard, former U.S. Congressman and Governor of Michigan; George F.J. Gosbee, chairman, CEO and president of Tristone Capital Inc.; Sergio Marchionne, CEO of Chrysler Group LLC and CEO of Fiat S.p.A; Douglas Steenland, former CEO of Northwest Airlines; Scott Stuart, a founding partner of Sageview Capital LLC; Ronald L. Thompson, Chairman of the Board of Trustees for Teachers Insurance and Annuity Association (TIAA); and Stephen Wolf, Chairman of R.R. Donnelley & Sons Co.
“While Chrysler Group LLC is a private company, the board is focused on supplying the strong governance that would be expected of a public company,” Kidder said. “We are looking forward to working as a single team to provide the oversight, guidance and expertise that will help make Chrysler Group successful.”