Chrysler Board Adds 6 New Directors
Chrysler Group LLC said Friday it nearly doubled the size of its board, adding some key company executives and the former chief financial officer of Philip Morris International, reported The Detroit News.
The Auburn Hills unit of Fiat Chrysler Automobiles NV said it named former tobacco company CFO Hermann G. Waldemer as one of six new directors who started Monday. One director, Douglas Steenland, a former Northwest Airlines chief executive, is stepping down after five years on the board. The board now has 13 members.
The other new board members are:
Reid A. Bigland, head of U.S. sales, Chrysler Group; chairman, president and chief executive officer, Chrysler Canada Inc.; president and chief executive officer, Ram Truck brand; member of Fiat SpA Group Executive Council.
Giorgio Fossati, general counsel, Fiat SpA
Michael J. Keegan, senior vice president, human resources, and corporate sustainability officer, Chrysler Group LLC; member of Fiat SpA Group Executive Council.
Michael Manley, president and chief executive officer, Jeep brand; chief operating officer for Asia Pacific and lead executive for International Operations, Chrysler Group; member of Fiat SpA Group Executive Council.
Richard K. Palmer, chief financial officer, Chrysler Group; chief financial officer, Fiat SpA; member of Fiat SpA Group Executive Council.
More Industry

Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →