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Chrysler, Marchionne is also president

The position of the CEO is strengthened, appointed overnight by the board of the American manufacturer. He will be joined by two independent directors, Leo W. Houle and John B. Lanawa. The interested party collects the trust and goes straight to the objectives already outlined.

Chrysler, Marchionne is also president

He thanked the outgoing managers, Marchionne, and praised the new directors, who are crucial "to achieve – he stated – the targets outlined in the 2010-2014 business plan announced in November 2009".

Furthermore, “the repayment of government loans six years early and the refinancing of the debt reinforces our belief that we are on the right track to rebuild the company and restore it to its rightful place in the global auto industry landscape within the framework of the Chrysler's global alliance with Fiat,” Marchionne added.

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