Formation of Chrysler Group LLC Board Is Now Complete - aftermarketNews
OE

Formation of Chrysler Group LLC Board Is Now Complete

Nine-member board brings wide-ranging experience and skills to board's mission to advance Chrysler's future viability.

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.”

You May Also Like

Dayco Announces Leadership Hires, Headquarters’ Relocation

Dayco said these developments strengthen its focus on innovation and growth.

Dayco has announced the appointment of several strategic leadership positions,  as well as the relocation of the company’s headquarters to Birmingham, MI.

Dayco announced the appointment of several strategic leadership positions, as well as the relocation of the company’s headquarters to Birmingham, MI.

Following the acquisition by Hidden Harbor Capital Partners, a primary focus for the company has been building a global leadership team to deliver the company’s long-term strategy, Dayco said.

Veoneer’s Restraint Control Systems Business Acquired

American Industrial Partners Capital Fund VII completed the acquisition of Veoneer’s Restraint Control Systems business from SSW Partners LP.

LKQ to Sell Poland’s Elit Polska to MEKO AB
Valeo to Develop Digital Twin for ADAS Simulation

This collaboration is designed to speed up the development of ADAS features by automotive OEMs.

Valeo-digital-twin-adas
KYB OE Shocks Adopted by Volkswagen Group

KYB’s DCC Pro electronically controlled shock absorbers will equip new Tiguan, Passat Variant, SKODA and other VW models.

Vehicle Suppliers Increase Layoffs as UAW Strike Continues

In a survey of its OE suppliers, MEMA found layoffs increased by nearly 10% week-over-week.

UAW Detroit Three Strike

Other Posts

Cummins Names VP, Cummins Emissions Solutions

Alison Trueblood was promoted to the role, effective May 1.

Cummins Emissions Solutions
Genuine Parts Company Announces CEO Leadership Transition

Paul Donahue (at left) will transition from chairman and CEO to executive chairman. William Stengel, II, currently president and COO, will succeed Donahue as president and CEO of GPC and will serve as a member of the board of directors.

GPC Leadership Transition Paul Donahue Will Stengel
Martin Joins AkzoNobel Automotive & Specialty Coatings

Brian Martin joins the company as business development manager for North America.

Brian Martin joins AkzoNobel Automotive & Specialty Coatings North America
Lubrication Specialties Announces Marketing Hire and Promotion

Matthew Steinmetz was named field marketing rep and Kaysie Keen was promoted to a newly created position of field marketing manager.

LSI Promotions