Tower Automotive Inc. completes the sale of its assets to Cerberus Capital Management LP, thus finalizing its emergence from Chapter 11 bankruptcy. Meanwhile, Tower names Mark Malcolm president and CEO, effective immediately. He joins Tower from Cerberus, where he served as a lead automotive consultant for the past 18 months, including considerable involvement with the Tower acquisition. Malcolm succeeds Kathleen Ligocki, who is leaving the company. An earlier report in The Detroit News said ...
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