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LaSorda Quits As Fisker CEO

Tom LaSorda, a former Chrysler Group chief, is stepping down as CEO of Fisker Automotive Inc. after less than six months in the job.

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Tom LaSorda, a former Chrysler Group chief, is stepping down as CEO of Fisker Automotive Inc. after less than six months in the job.

The Anaheim, Calif.-based maker of plug-in hybrid cars has replaced LaSorda with Tony Posawatz, who was vehicle line executive for General Motors' Chevrolet Volt plug-in hybrid until last month.

LaSorda says part of his job was to recruit a long-term CEO. There was no mention of that task when he was appointed to lead Fisker in February.

LaSorda joined the company last December as vice chairman and executive advisor. His 32-year auto career has included stints in GM manufacturing and serving as Chrysler's president, CEO and vice chairman. Fisker says LaSorda will continue to be available as an advisor the same role it assigned Joseph DaMour when he was replaced as CFO last month.

In his new job, Posawatz's tasks include determining where to build the upcoming Fisker Atlantic plug-in hybrid and bringing that $50,000-$60,000 sedan to market.

Fisker also announced two other appointments:

Joseph Chao as executive vice president and CEO of its operations in Asia. He previously headed Beijing Benz and most recently was CEO of Chinese truck and parts maker SG Automotive.

Alberto Gonzalez, a former Chrysler manufacturing executive, as vice president of manufacturing.

Gardner Business Media - Strategic Business Solutions