Is LaSorda Being Pressed Out of a Job?
Chryslerberus is just full of surprises. First they unexpectedly
demoted replaced Tom LaSorda with Robert Nardelli as CEO. Now Bloomberg reports that Jim Press, former President of Toyota Motors in North America is joining the dark side the Cerberus team as Chrysler's Vice Chairman and President. Press, the first non-Japanese to head TMNA, will "be responsible for North American Sales, International Sales, Global Marketing, Product Strategy, and Service and Parts for Chrysler LLC." Tom LaSorda, who is also Vice Chairman and President, will be responsible for "Manufacturing, Procurement and Supply, Employee Relations and Global Business Development and Alliances." It looks like they may have about one President too many. We hope LaSorda has his golden parachute strapped on nice and tight.