03
Dec
09

GM CEO Resigns

GM just announced that president and CEO Fritz Henderson has resigned from the company.  The decision came during a GM board meeting where Fritz Henderson offered his resignation.  Chairman Ed Whitacre will fill the CEO role on an interim basis—adding it to his chairman duties—until a new president and CEO can be found, a process GM says will commence immediately.

Whitacre, who lives in Texas, will not seek to add the CEO job to his chairman duties full time, but added that he will now work from GM’s Renaissance Center headquarters in Detroit on a daily basis. “We now need to accelerate our progress toward . . . a return to profitability and repaying the American and Canadian tax payers as soon as possible,” added Whitacre.

The split was described as a decision taken equally between the GM board and Henderson, and that all parties agreed “changes needed to be made.” No further reason was given, but the suddenness of Henderson’s departure speaks otherwise. Indeed, one statement was that the “board decided and that Fritz agreed” it was time for the longtime GM man to go.

Henderson was scheduled to appear at this week’s L.A. auto show, but his duties there will be handled by Bob Lutz, who is staying with the company. Daily operations will not be affected.

Article Provided By Car & Driver

Reports From

GM Fastlane

egmCartech

Free Press

Edmunds Inside Line

Auto Observer

Autoblog

Advertisements

0 Responses to “GM CEO Resigns”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 11 other followers

December 2009
M T W T F S S
« Nov   Jan »
 123456
78910111213
14151617181920
21222324252627
28293031  

Twitter

Blog Stats

  • 327,978 hits

%d bloggers like this: