U.S. and Fiat to name Chrysler board on alliance
The U.S. government and Italian carmaker Fiat SpA
The board will consist of a majority of independent directors who are not employees of either automaker and will have the responsibility to appoint a chairman, Nardelli said in an internal memo to workers obtained by Reuters.
Chrysler, about 80 percent-controlled by Cerberus Capital Management
The new Chrysler board would also select a chief executive for the automaker with the assent of Fiat, Nardelli said.
(Reporting by Soyoung Kim and David Bailey, Editing by Ian Geoghegan)