The New York Times has just announced that former Home Depot CEO, Robert L. Nardelli is going to be appointed as the new CEO of Chrysler. Earlier this year Nardelli was ousted from his chief executive position at Home Depot due to arguments with stock holders over his enormous pay package.
Chrysler's new owner Cerberus Capital Management officially took over Chrysler on Friday and now the group has appointed a new CEO to help turn the automaker around. Nardelli was chosen due to his turn around expertise.
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