The return of Bob Nardelli
Bob Nardelli is back in the CEO slot. Chrysler elected Nardelli as Chairman and CEO recently. It was only back in January that Nardelli resigned at CEO of Home Depot after a scandal over his pay package and sagging Home Depot performace.
Nardelli certainly is not back for the money. But this will be a great opportunity for him to restore and prove his reputation. Nardelli comes from a highly respected background as he was previously a top executive at GE. He was even a finalist for the CEO spot at GE when Jack Welch was looking for a successor.
I believe Nardelli has the ability and proper motivation to make impact at Chrysler. I’ll be watching closely to see how this works out.
Link to AP article.
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