| Ex-Home Depot head Nardelli named as Chrysler's new boss, LaSorda takes No. 2 spot
AUBURN HILLS, Mich. — Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. "The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really make a significant change in the auto industry." LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him.
(AFX UK Focus) 2007-08-08 04:47 GMT: Ex-Home Depot boss to lead new Chrysler
AUBURN HILLS, Mich. (AP) - 0807b--Chrysler--Nardelli
Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. "The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really make a significant change in the auto industry." LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him.
Ex-Home Depot head named as Chrysler's CEO
AUBURN HILLS, Mich. -- Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. "The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really make a significant change in the auto industry." LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him.
Ex-Home Depot head Nardelli named as Chrysler's new boss
AUBURN HILLS, Mich. | Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler."The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really make a significant change in the auto industry."LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him."He's always been a winner, every business," LaSorda said.
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Ex-Home Depot boss to lead New Chrysler
Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. "The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really make a significant change in the auto industry." LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him.
Kraintz says "parallel street" could help
Manchester wants to revitalize its Historic Town Center commercial and retail area, south and north of Manchester Road between Highway 141 and Sulphur Springs Road.And an initial conceptual proposal presented to the Board of Aldermen calls for a secondary 3,000-foot "parallel street" in the area of Second and Park streets, just south of and parallel to Manchester Road, to allow better access to businesses and to allow customers to avoid traffic snarls on Manchester.Franz Kraintz, the city's director of planning, zoning and economic development, told the board July 16 a revitalization plan stems from the city's 2003 comprehensive plan and is geared to pursue economic opportunity in the city's commercial corridor.He said the new road would create a "main street" within a proposed central business district that would have street-level retail stores with offices or homes on second and third stories.An entry, or "slip" ramp, could lead to the new road from Manchester and allow traffic to slow down when entering the parallel road, "which would be our Historic District gateway, featuring open space and plazas, and wide sidewalks and a lot of landscaping," Kraintz said.
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