Sunday, July 5, 2009

Government Names Directors to Chrysler Board

The land of government control enters a new phase.

The Obama Administration has selected C. Robert Kidder, Chairman and CEO of 3Stone Advisors LLC; Douglas Steenland, former CEO of Northwest Airlines; Scott Stuart, a founding partner of Sageview Capital LLC; and Ronald L. Thompson, Chairman of the Board of Trustees for nonprofit Teachers Insurance and Annuity Association and College Retirement Equities Fund organizations.

In written statement the Treasury said:
With today's announcement of the final appointments to Chrysler's Board of Directors, the nine member board is complete, and Chrysler is positioned to move toward a viable future. The new board hosts a wide range of experience in global corporate leadership, which we are confident will help drive the innovation,
discipline, and adaptability needed for long-term viability.

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