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Formation of Chrysler Group LLC Board Complete

AUBURN HILLS, MI - Chrysler Group LLC has appointed additional members to its Board of Directors, completing the nine-member Board that will provide oversight to the Chrysler Group.

by Staff
July 7, 2009
2 min to read


AUBURN HILLS, MI - Chrysler Group LLC has appointed additional members to its Board of Directors, completing the nine-member Board that will provide oversight to the Chrysler Group. The Board is expected to hold its first meeting July 29, according to a statement by the automaker.

"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, in a statement. "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."

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Kidder, currently chairman and CEO of 3Stone Advisors LLC, was previously announced to the Chrysler Group LLC Board of Directors 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 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 Thompson, chairman of the Board of Trustees for Teachers Insurance and Annuity Association (TIAA).

  • 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."

Chrysler Group LLC, headquartered in Auburn Hills, Mich., was formed this year from a global strategic alliance with Fiat Group. The group produces Chrysler, Jeep, Dodge, Mopar, and Global Electric Motors (GEM) brand vehicles and products.

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