2 Chrysler executives make surprise departure

10/6/2009 | Bloomberg Businessweek

Two Chrysler executives who were personally selected by CEO Sergio Marchionne to help him turn around the automaker submitted resignations, surprising the auto industry. Peter Fong, CEO and sales head for the Chrysler brand, resigned for "personal reasons," while Michael Accavitti, marketing and brand chief for Dodge, is departing to "pursue other interests." However, sources said the two were forced out because of clashes with Italian managers brought in after Fiat bought a 20% equity stake in Chrysler.

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