The make up of Chrysler’s future board will be determined by the US government and Fiat, were the Italian automaker successful in its plans to merge with its rival.
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According to Dow Jones Newswires, Chrysler CEO Bob Nardelli, wrote in a note to employees that the company’s leadership would be decided by the federal government and Fiat once a deal was done.
“The board will have the responsibility to appoint a chairman,” Nardelli said in the memo seen by Dow Jones. “The board also will select a CEO with Fiat’s concurrence.”
Earlier this month, Chrysler’s vice president said he saw no reason its proposed partnership with Fiat will not go ahead.
Jim Press told the Wall Street Journal (WSJ) at the New York motor show Chrysler was making daily progress daily on finalising the deal with Fiat and added that the two companies would fit together well.
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By GlobalData“Imagine the scope of our product line,” Press said. “We’re going to go from viable to formidable.”
Chrysler has a US government deadline – and funding – expiring on 30 April by which it needs an inked binding agreement with Fiat.
