Nardelli as New Chrysler CEO and What it Means for Chrysler's IT
In January of 2007, as Home Depot shareholders seethed, Bob Nardelli took a $210 million exit package and resigned as CEO. This week, he landed the CEO job at Chrysler.
The troubled carmaker is newly private -- investment firm Cerberus announced in May it would buy Chrysler -- so Nardelli doesn't have to contend with angry (public) shareholders anymore.
But some of his less savory career milestones are being scrutinized this week. He came up through GE’s fabled management ranks, only to get passed over for the top slot when Jack Welch retired in 2001.
Information technology may or may not help Chrysler now. The company’s problems mainly stem from pension demand from retirees, health care costs and expensive unionized labor, according to CNNMoney.
Meanwhile,Toyota
I’m wondering how long Sue Unger, longtime CIO of Chrysler, will work under Nardelli. Unger has created Chrysler’s “digital factory” for building virtual assembly lines and testing new-car design ideas. She’s also known for innovation in both I.T. and finance, winning the Automotive Hall of Fame’s Distinguished Service Citation last year.
Alex Taylor, who has covered the car industry for years for Fortune magazine, thinks Nardelli is the wrong guy for the job, on Monday writing that Nardelli:
"…arrives on the heels of an enormous fiasco at Home Depot, appears to have a very high psychic profile, and by all accounts has the
Print
The troubled carmaker is newly private -- investment firm Cerberus announced in May it would buy Chrysler -- so Nardelli doesn't have to contend with angry (public) shareholders anymore.
But some of his less savory career milestones are being scrutinized this week. He came up through GE’s fabled management ranks, only to get passed over for the top slot when Jack Welch retired in 2001.
Reading the writing on the wall, he left GE in 2000, before Welch did, and hopped over to lead Home Depot, only to see its stock drop to $39.70 per share when he left -- down 10% from the $44.22 it traded at when he started.
Information technology may or may not help Chrysler now. The company’s problems mainly stem from pension demand from retirees, health care costs and expensive unionized labor, according to CNNMoney.
Meanwhile,
I’m wondering how long Sue Unger, longtime CIO of Chrysler, will work under Nardelli. Unger has created Chrysler’s “digital factory” for building virtual assembly lines and testing new-car design ideas. She’s also known for innovation in both I.T. and finance, winning the Automotive Hall of Fame’s Distinguished Service Citation last year.
Alex Taylor, who has covered the car industry for years for Fortune magazine, thinks Nardelli is the wrong guy for the job, on Monday writing that Nardelli:
"…arrives on the heels of an enormous fiasco at Home Depot, appears to have a very high psychic profile, and by all accounts has the
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