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1979: ( leadership ).
In the midst of Chrysler's impending financial crisis, John J. Riccardo was named Chairman in early October 1975. Responding to the growing financial troubles, Chrysler hired Lee A. Iacocca as the new Chrysler President in November 1978. Less than a year later, Mr. Riccardo resigned and Mr. Iacocca was elected Chairman of Chrysler on September 20, 1979.