BREAKING: Fiat’s CEO Sergio Marchionne says “I will become Chrysler CEO”

On April 30th, Chrysler’s CEO Bob Nardelli said that he will be stepping down after Chrysler emerges from bankruptcy. He said that following Chapt. 11 hearings, the U.S. government will select six board members, while Fiat will select three. That new board would select a new CEO for the new company, Nardelli said. Well, Chrysler may already have a new CEO.

In an interview with Bloomberg yesterday, Fiat CEO Sergio Marchionne said that he will head Chrysler LLC (if it is still called that after bankruptcy) once it emerges from Chapter 11 bankruptcy.

“Chrysler is on track to re-emerge from bankruptcy in 60 days,” Marchionne said. “I will become Chrysler CEO after that.” The idea has been discussed in meetings with the U.S. Treasury, he told Bloomberg.

– By: Kap Shah

Source: Reuters