BIG NEWS
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BIG NEWS
Top Toyota Exec Jim Press Jumps to Chrysler Posted on September 06 2007, 12:56 PM
Today's stunning announcement that Chrysler has hired Toyota's top American executive, Jim Press, as president and vice chairman, is a huge decision for the newly-private automaker.
Press had elevated Toyota (Charts) in the U.S. from being just another Japanese automaker to a powerful contender for industry leadership with General Motors (Charts, Fortune 500). Arguably, Press is the most successful American auto executive since World War II. At Chrysler, Press joins another highly-regarded Toyota alumna, marketer Deborah Wahl Meyer, who signed on in August. More than anything, their hiring shows that Cerberus is playing for keeps by going after the best talent in the auto industry.
Chrysler is surely making a fine attempt to turn things around.
Today's stunning announcement that Chrysler has hired Toyota's top American executive, Jim Press, as president and vice chairman, is a huge decision for the newly-private automaker.
Press had elevated Toyota (Charts) in the U.S. from being just another Japanese automaker to a powerful contender for industry leadership with General Motors (Charts, Fortune 500). Arguably, Press is the most successful American auto executive since World War II. At Chrysler, Press joins another highly-regarded Toyota alumna, marketer Deborah Wahl Meyer, who signed on in August. More than anything, their hiring shows that Cerberus is playing for keeps by going after the best talent in the auto industry.
Chrysler is surely making a fine attempt to turn things around.
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Join Date: Mar 2007
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RE: BIG NEWS
I just read about this on autoblog this morning. Press has been at Toyota for 37 years, I wonder what made him decide to leave them now for Chrysler? I think it's a good thing but it just seems pretty crazy, especially considering Toyota is probably in the best shape they've ever been right now.
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