Chrysler Group names six new directors to board effective June 10

Article by Christian A., on June 16, 2014

Chrysler Group has named six new directors to its board. The appointments took effect on June 10. The move entailed the addition of five seats on the board. Hermann Waldemer replaced Doug Steenland, whose term on Chrysler’s board ended June 10.

Waldemer was chief financial officer of Philip Morris International, which board of directors also includes Fiat Chrysler chief executive Sergio Marchionne. The addition of the new board seats at Chrysler increased the size of the body to 13 members.

The seats were given to Reid Bigland, Chrysler US sales chief; Richard Palmer, Chrysler CFO; Michael Manley, Jeep CEO; Giorgio Fossati, general counsel to Fiat; and Michael Keegan, Chrysler corporate sustainability officer. There are no other changes in the composition of the board of directors at Chrysler Group.

“I welcome this group of strong leaders to the Board,” said Chrysler Group Chairman and Chief Executive Officer Sergio Marchionne.  “Their collective experiences will help propel us forward as we begin to execute our five-year plan.

“I also want to thank Doug for his leadership while serving on the Chrysler Group board for the past five years. His contributions have helped shape the Company to where it is today and we wish him well.” [source: Chrysler]

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