Two weeks after announcing it was pulling out of new vehicle leasing, Farmington Hills, Michigan-based Chrysler Financial announced the retirement of two key executives and several new appointments.
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President and CEO Paul Knauss and chief operating officer William Jones have retired while Thomas Gilman has been named to the newly created post of vice chairman and chief executive officer, a role that combines the former roles of executive vice chairman and president and CEO.
A US report said Gilman had been executive vice chairman since November 2007 and had also been a senior adviser for Chrysler Financial’s private equity owners, Cerberus Capital Management. He spent 27 years of his career with Chrysler, including a term as CFO of Chrysler Financial, and is also a former CFO for US dealer group Asbury Automotive.
“In this new position Gilman will set the strategic direction that creates value and ensures the alignment of the company’s performance with investors’ expectation,” Chrysler Financial said in a statement.
New COO Darryl Jackson has moved from Chrysler LLC where he was head of US sales.
