Chrysler Names Two Directors, Elects Marchionne Board Chairman

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Chrysler Group LLC, the U.S. automaker majority-owned by Fiat SpA, named two new directors and elected Sergio Marchionne, chief executive officer of both automakers, as Chrysler’s chairman.

Chrysler said it named Leo Houle and John Lanaway as independent directors, effective immediately. The directors appointed yesterday replace Robert Kidder, George Gosbee and Scott Stuart, who have decided to resign.