Ex-Chrysler CEO Nardelli exits Cerberus
This is Nardelli's third departure in five years, having left The Home Depot in 2007 and Chrysler in 2009, but this time it's without any obvious controversy after a quiet tenure. His own firm, XLR-8, will keep him in the private equity ranks, as his company's mission is "to raise money to acquire underperforming companies, and to help them operate more profitably and improve their enterprise value." He will maintain a connection to Cerberus through his own company, with the private equite house expected to be lead investor on XLR-8's transactions.
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