Deals
Nardelli Leaves Cerberus Capital Post to Focus on Own Firm
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Cerberus Capital Management LP said Robert Nardelli will leave his post as head of its operations and advisory business and become an adviser to Stephen Feinberg, the firm’s founder and chief executive officer.
“I desired to make this transition to a role as Senior Advisor in order to devote attention to XLR-8 LLC, my investment and consulting company,” Nardelli, the former CEO of Chrysler LLC and Home Depot Inc., said in a statement today.