Thomas W. LaSorda

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Thomas William LaSorda, (born July 24, 1954, in Windsor, Ontario, Canada) is a Canadian-American automobile industry executive who served as CEO and President of the Chrysler Group. In December 2011, he joined the board of Fisker Automotive and assumed the role of CEO until his resignation in August 2012. [1]

Windsor, Ontario City in Ontario, Canada

Windsor is a city in Ontario and the southernmost city in Canada. It is on the southern shore of the Detroit River, due south and directly across the river from Detroit, Michigan. Windsor is a major contributor to Canada's automotive industry and has a storied history and a diverse culture. Known as the "Automotive Capital of Canada", Windsor's industrial and manufacturing heritage is responsible for how the city has developed through the years.

Ontario Province of Canada

Ontario is one of the 13 provinces and territories of Canada and is located in east-central Canada. It is Canada's most populous province accounting for 38.3 percent of the country's population, and is the second-largest province in total area. Ontario is fourth-largest in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is also Ontario's provincial capital.

Canada Country in North America

Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres, making it the world's second-largest country by total area. Canada's southern border with the United States is the world's longest bi-national land border. Its capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. As a whole, Canada is sparsely populated, the majority of its land area being dominated by forest and tundra. Consequently, its population is highly urbanized, with over 80 percent of its inhabitants concentrated in large and medium-sized cities, many near the southern border. Canada's climate varies widely across its vast area, ranging from arctic weather in the north, to hot summers in the southern regions, with four distinct seasons.

Contents

Personal life

Tom LaSorda is the third generation of his family to work for Chrysler, being the son of a CAW union local president. He graduated from the University of Windsor in 1977 with a dual degree (Bachelor of Arts and a Bachelor of Commerce), and earned an MBA in 1980. He is married with two daughters, and lives in Birmingham, Michigan.

University of Windsor

The University of Windsor is a public comprehensive and research university in Windsor, Ontario, Canada. It is Canada's southernmost university. It has approximately 12,000 full-time and part-time undergraduate students and over 3,000 graduate students. Founded in 1963, the University of Windsor has graduated more than 100,000 alumni.

A Bachelor of Arts is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, sciences, or both. Bachelor of Arts programs generally take three to four years depending on the country, institution, and specific specializations, majors, or minors. The word baccalaureus should not be confused with baccalaureatus, which refers to the one- to two-year postgraduate Bachelor of Arts with Honors degree in some countries.

A Bachelor of Commerce is an undergraduate degree in commerce and related subjects, usually awarded in Canada, Australia, India, Ireland, New Zealand, Pakistan, South Africa and other Commonwealth countries; however, the degree is no longer offered in the United Kingdom.

Career

In 1977, he joined General Motors, working chiefly in manufacturing. He helped to launch the GM-Suzuki joint venture plant, CAMI Automotive, in Ingersoll, Ontario, and he also served as president of Opel's Eisenach plant in eastern Germany. [2]

General Motors American automotive manufacturing company

General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest. As of 2018, General Motors is ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue.

CAMI Automotive defunct, independently incorporated joint venture

CAMI Automotive is wholly owned by General Motors Canada. The plant occupies 570 acres (230 ha) and has 1,700,000 square feet (157,900 m2) of floor space of which 400,000 square feet (37,161 m2) was added in 2016 as part of a $560 million investment.

Ingersoll, Ontario Town in Ontario, Canada

Ingersoll is a town in Oxford County on the Thames River in southwestern Ontario, Canada. The nearest cities are Woodstock to the east and London to the west.

Chrysler

In 2000, he joined the Chrysler Group as a senior vice president. He was first appointed to the board of Daimler in 2004 when he became chief operating officer. He was the architect of Chrysler's Toledo Supplier Park in Ohio, which integrated suppliers in a close relationship with Chrysler to produce the Jeep Wrangler.

The chief operating officer (COO), also called the chief operations officer, is one of the highest-ranking executive positions in an organization, comprising part of the "C-Suite". The COO is responsible for the daily operation of the company, and routinely reports to the highest-ranking executive, usually the chief executive officer (CEO).

Ohio State of the United States of America

Ohio is a Midwestern state in the Great Lakes region of the United States. Of the fifty states, it is the 34th largest by area, the seventh most populous, and the tenth most densely populated. The state's capital and largest city is Columbus.

Jeep Wrangler four-wheel-drive off-road SUV produced by Jeep

The Jeep Wrangler is a series of compact and mid-size four-wheel drive off-road SUVs, manufactured by Jeep since 1986, and currently in its fourth generation. The Wrangler JL was unveiled in late 2017 and will be produced at Jeep's Toledo Complex.

On January 1, 2006, LaSorda succeeded Dieter Zetsche, a German from the parent company DaimlerChrysler (now Daimler AG), as Chrysler's CEO, as Zetsche was promoted to chief executive of DaimlerChrysler Group as a reward for the turnaround of Chrysler. That same year, LaSorda became a U.S. citizen, while retaining his Canadian citizenship.

Dieter Zetsche German businessman and CEO and Chairman of Daimler AG and head of Mercedes-Benz cars

Dieter Zetsche is a German engineer and the Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars since 2006 as well as member of the company's Board since 1998.

Daimler AG automotive manufacturer

Daimler AG is a German multinational automotive corporation, headquartered in Stuttgart, Baden-Württemberg. Daimler-Benz was formed with the merger of Benz & Cie and Daimler Motoren Gesellschaft in 1926. The company was renamed DaimlerChrysler upon acquiring the American automobile manufacturer Chrysler Corporation in 1998, and was again renamed Daimler upon divesting of Chrysler in 2007.

On August 5, 2007, the demerger of Daimler and Chrysler occurred, with the latter being 80% purchased by Cerberus Capital Management. In the resulting management shuffle, LaSorda agreed to assume the position as president and vice chairman of Chrysler LLC, [3] with Bob Nardelli succeeding him as chairman and chief executive officer. Despite the appointment of a second vice chairman, Jim Press, LaSorda stayed on. [2] [4]

Cerberus Capital Management, L.P. is an American private equity firm, specializing in "distressed investing". The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who currently serves as a senior managing director. The firm has affiliate and/or advisory offices in the United States, Europe and Asia.

Chairman leading or presiding officer of an organized group such as a board, committee, or deliberative assembly

The chairman is the highest officer of an organized group such as a board, a committee, or a deliberative assembly. The person holding the office is typically elected or appointed by the members of the group, and the chairman presides over meetings of the assembled group and conducts its business in an orderly fashion.

Chief executive officer highest-ranking corporate officer or administrator

The chief executive officer (CEO), or just chief executive (CE), is the most senior corporate, executive, or administrative officer in charge of managing an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and even some government organizations. The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues, or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc.

His titles at Chrysler LLC officially stated that he was in charge of manufacturing, procurement, and supply, employee relations, global business development, and alliances since August 2007. Despite his expertise in manufacturing, however, LaSorda's new role in the company was largely to find a new partner or buyer for Chrysler, leading to speculation that Cerberus Capital was less interested in rebuilding the auto manufacturer than it was to turning profit though a leveraged buyout. [5]

Of the many auto companies that LaSorda contacted, only Fiat agreed to a partnership. LaSorda counts current Fiat/Chrysler CEO Sergio Marchionne, also Canadian-raised and -educated, as a close friend.

While Fiat asked LaSorda to stay on, he instead opted to step down as president and vice chairman and retired effective May 1, 2009, as Chrysler LLC filed for bankruptcy. [5] LaSorda and Manoj Bhargava launched Stage 2 Innovations in May 2011 . Stage 2 Innovations is a venture capital firm located in Farmington Hills, Michigan.

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Magna International company

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Bob Lutz (businessman) Swiss American automotive executive

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Penske Corporation

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Rolf Eckrodt is a German automotive engineer and executive, who started his career with Daimler-Benz in 1966 and was CEO of the Mitsubishi Motors Corporation from 2001-2005. He is the only non-Japanese person who has held the position so far.

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References

  1. 1 2 .He led GM"s quality and lean manufacturing activities as a corporate VP.
  2. http://www.chryslerllc.com/en/about_us/our_team/?name=tlasorda
  3. 1 2 [ permanent dead link ]