Friday, August 21, 2009

Jim Press To Leave Chrysler

DETROIT -- Chrysler Group LLC Deputy Chief Executive Jim Press is planning to leave the auto maker before the end of the year, according to three people who have been informed of the plan.

Mr. Press, a former star at Toyota Motor Corp., was the sole member of Chrysler's top executive ranks to be retained after the company emerged from a federally funded bankruptcy in June. He was kept on as a special adviser to Sergio Marchionne, who now serves as CEO of both Chrysler and its partner, Fiat SpA.

.Mr. Press, 62 years old, is expected to leave Chrysler by the end of November, according to one of the people informed of the plan.

Chrysler spokesman Gualberto Ranieri declined to comment. A spokeswoman for the U.S. Treasury, which brokered the Fiat alliance as part of the government's bailout of Chrysler, also declined comment.

No comments: