Out with the old, in with the new: Bankrupt car company Chrysler LLC announced that C. Robert Kidder, the former chairman of Borden Chemical Inc. and Duracell, will replace Bob Nardelli as chairman of the troubled automaker. Kidder has very little professional experience with the auto industry. His only contact came while working for McKinsey and Co. Inc., where he had a client in the industry, according to the Detroit News. The new chairman expressed confidence that Chrysler will "will emerge from Chapter 11 a lean and powerful competitor." When the company finalizes its alliance with Fiat, it will appoint a new chief executive.
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