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Posts with tag Chairman

BMW North America Chairman to become Rolls-Royce CEO

Tom Purves, Chairman of BMW North America, is getting a new desk -- one that is adorned with a silver Flying Lady. As of July 1, Purves will take over as the CEO of BMW's Rolls-Royce brand in Goodwood, England. Replacing Tom Purves as the CEO of BMW's North American Unit will be Jim O'Donnell, who has occupied the No. 2 seat since the beginning of this month.

Purves is no stranger to Rolls-Royce. He spent the first 17 years of his career there occupying several different management positions. The timing for his departure from BMW is interesting, though. BMW has a mandatory retirement age of 60. Coincidentally, that just happens to be the age Purves will celebrate on his birthday this November. Rolls-Royce, one of the most prestigious automakers in the world, doesn't have a mandatory retirement age.

[Source: Automotive News, subs. req'd]

Flight of Fancy: Ferrari takes to the sky



Like their competitors, Ferrari uses advanced aerodynamics to keep their cars on the ground. But what if they flipped their technology upside down to create an aircraft? The result could very well be this, the Piaggio P180 Avanti II.

Beyond the usual correlation between the automotive and aeronautical industries – especially evident in six-figure sportscars and in formula motor racing – the ties between Piaggio Aero and Ferrari run far deeper. Piaggio, which sponsors the Scuderia, is chaired by Enzo's heir and company vice-chairman Piero Ferrari. The aircraft pictured is the one Ferrari uses to shuttle their executives and star drivers around Europe, if not the world, to unveil new cars, win grands prix and cut ribbons on everything from theme parks to retail stores. Interestingly, instead of jet propulsion, the Avanti II uses backwards-mounted turboprops. With a 450 mph top speed, it's the fastest turboprop in the world. It has a 1,800-mile range and 41,000-ft maximum cruising altitude but uses 30% less fuel than a comparable jet.

Of course this isn't the first time the prancing horse has appeared on an aircraft. The logo, legend has it, was emblazoned on the plane of Italian WWI flying ace Count Francesco Baracca, whose mother presented it to Enzo Ferrari after reportedly being impressed by his driving style while racing towards the checkered flag at the Salvio circuit in 1923. Whether the legend is true or not, the plane makes a more suitable canvas for the Ferrari logo than a Segway scooter.

[Source: Piaggio Aero via Luxurylaunches.com]

Wolfgang Bernhard to become chairman of Chrysler Group



According to a German magazine referenced by Automotive News, Wolfgang Bernhard is expected to be announced as the Chrysler Group's chairman-in-waiting, pending DaimlerChrysler's sale of the automaker to Cerberus Capital Management. Currently Bernhard is an acting advisor, a consultant if you will, for Cerberus, and spends his days at Chrysler's Auburn Hills headquarters, presumably gathering info for Cerberus on what aspects of the business need the German exec's magic touch the most. When the sale happens and Bernhard officially moves in, the speculation is that current CEO Tom LaSorda will remain in his position and likely report to Bernhard.

Bernhard was formerly VW's brand chief, and before that he worked for Chrysler immediately following the "merger of equals" that resulted in DaimlerChrysler. Other former Chrysler execs are also advising Cerberus at the moment according to Automotive News, including the company's well respected former design chief Tom Gale. Hopefully the news of Bernhard's official return, when it comes, will portend the return of other key Chrysler execs that can aid the company's turnaround efforts.

[Source: Automotive News - sub. req'd]

Norbert Reithofer to succeed Helmut Panke at BMW's helm

We knew that BMW chairman Helmut Panke would go "buh-bye" after his contract expires in 2007 due to BMW's policy to boot any leader over the age of 60, but we weren't sure who would take the helm. BMW has announced that the man for the job is Norbert Reithofer, who has been production manager since 2000. The 50 year-old German has been with BMW since 1987.

Thanks to a stint managing the company's Spartanburg, S.C. plant, Reithofer has some experience with BMW's U.S. operations and the American market, which is of importance to the company.

It has not been reported whether Panke will sit on the supervisory board after he turns over the top spot -- the board does not currently have a seat open.

[Source: Associated Press via the Houston Chronicle]

"Ask Dr. Z" national ad campaign for Chrysler starts tomorrow



Along with the announcement of its summer sales incentives today, Chrysler also unveiled its "Ask Dr. Z" national ad campaign that features the company's Chairman, Dieter Zetsche, as the spokesperson. The ads mark the first time DaimlerChrysler will be communicating what it believes are the benefits of the merger between Daimler-Benz and Chrysler that formed it. That means highlighting the level of both American and German engineering and design in each Chrysler product.

While we think it's fair to say the press knows Dr. Zetsche is a likeable guy, it's unclear how the Chairman's handlebar mustache and German accent will play in Peoria. We'll find out soon enough, as the campaign kicks off tomorrow with 60- and 30-second "tri-brand" commercials, newspaper and magazine ads, internet advertising, and a www.AskDrZ.com url that will be plastered on the hood and side of Dodge Charger NASCAR race cars in the coming weeks.

A full press release can be found after the jump...

[Source: Chrysler]

Continue reading "Ask Dr. Z" national ad campaign for Chrysler starts tomorrow

Iacocca to pen new book, address auto industry

Retired Chrysler chairman (and Snoop Dogg homey) Lee Iacocca will be releasing a book in approximately one year, tentatively titled "Where Have All the Leaders Gone?". It's said to cover several topics, among them the state of the American auto industry and the threat that the US manufacturing economy faces from China and India.

Iacocca is said to be writing the book because he "flunked retirement" and "there is too much to be done to sit on the sidelines."  The octogenarian has not been quiet since leaving Chrysler in 1992, having attempted a $20B buyout of the automaker in 1995 (with Kirk Kerkorian and current GM board member Jerry York), along with campaigning for George W. Bush in 2000 and John Kerry in 2004.

[Source: Houston Chronicle]


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