Site last updated: Tuesday, July 1, 2025

Log In

Reset Password
MENU
Butler County's great daily newspaper

Chrysler snares key executive

Toyota's top man in North America hired

DETROIT — Chrysler pulled off a major coup Thursday, hiring away the highly-regarded Jim Press, Toyota's top North American executive, to run its sales and marketing operations.

Press, 60, formerly president and chief operating officer for Toyota in North America and the first non-Japanese member of Toyota Motor Corp.'s board of directors, will become Chrysler vice chairman and president.

He joins new Chairman and CEO Robert Nardelli and Tom LaSorda on Chrysler LLC's top management team. LaSorda already has and will retain the same titles as Press.

LaSorda will run the company's manufacturing and purchasing operations, while Press will handle sales, marketing and product strategy, said company spokesman Mike Aberlich.

Hiring Press is Chrysler's second major executive announcement since August, when private equity firm Cerberus Capital Management LP took control of 80.1 percent of the company from DaimlerChrysler AG. Cerberus announced Aug. 6 that Nardelli, a former Home Depot Inc. CEO, would become Chrysler's Chairman and CEO.

Press' resignation will be effective Sept. 14, Toyota said.

"Tom LaSorda and I are thrilled that one of the most successful executives in the history of the auto industry has joined our leadership team at the New Chrysler," Nardelli said in a statement.

Toyota said Shigeru Hayakawa, a Japanese veteran at the company and Toyota managing officer, would be the new president of Toyota North America.

"Toyota has been the centerpiece of my life. This was the most difficult decision I have made," Press said in a statement.

Press, an American, has been with Toyota for 37 years. His rise at Toyota was widely seen as furthering the company's effort to bolster its standing as a multinational corporation.

"Jim has played a significant role in strengthening Toyota's presence in the U.S," Toyota President Katsuaki Watanabe said. "I would like to express my heartfelt gratitude to all he has done for Toyota."

Press will be asked to help turn things around at Chrysler, which has had problems of late in its sales and marketing operations.

Press comes to Chrysler with a great record of success at Toyota, which has seen continued sales increases in the U.S. for the past several years. The hiring comes as Chrysler's sales have been dropping and it has tried to repair fractured relations with its dealers.

"You can't argue with the level of success that Toyota has had," Aberlich said. "The way they've developed the car side of the business, the way they've developed their relationships with dealers."

Aberlich said hiring Press is no reflection on LaSorda, who was demoted from chairman and CEO when Nardelli was hired.

"The guy is such a remarkable get that you're going to do it," Aberlich said of Press.

More in Business

Subscribe to our Daily Newsletter

* indicates required
TODAY'S PHOTOS