After eight months on the job, Fritz Henderson has stepped down as chief executive of General Motors. Board Chairman Ed Whitacre Jr., appointed in June, will replace Henderson on an interim basis.

Formerly GM’s chief operating officer, Henderson managed the company through its 40-day bankruptcy proceeding and streamlined the automaker’s offerings to four core brands. He joined GM in 1984.

Click here to read more about the executive change.

Views: 0

Tags: ceo, gm, henderson, whitacre

Marcie Belles Comment by Marcie Belles on December 1, 2009 at 11:01pm
Here are a few follow-up articles:

* from AP
* from the Detroit Free Press
* from Automotive News

And here's the text of the statement by GM Chairman Ed Whitacre Jr. about the executive change.
Marcie Belles Comment by Marcie Belles on December 2, 2009 at 11:07am
Fritz Henderson is being blamed for the breakups of the Opel and Saab deals, but didn't those occur under Chairman Ed Whitacre's watch?
David Ruggles Comment by David Ruggles on December 2, 2009 at 2:32pm
This will really inspire faith in GM's board, axing a guy with no one in the wings to take his place. All of this at the most critical time in company history. I didn't like Whiteacre from the beginning. Who does he think he is doing commercials, Lee Iacocca? He couldn't carry Iacocca's .... well, you know.

I've been upset with Fritz ever since he was put up to lying to Congress and the country about dealer terminations by the government Task Force. I've been disappointed by the Saturn debacle, but how was that Fritz's fault? I have been surprised by the Opel affair, and wonder how the Task Force allows GM to use U.S. taxpayer money to pay off foreign governments. And the SAAB affair is a mystery, and probably not all that important in the scheme of things. We might have to wait for the next "tell all" book to get the real dope!

Comment

You need to be a member of AutoFinanceNews.net to add comments!

Join AutoFinanceNews.net




Members

  • John Avery
  • Jordyn Jacobs
  • Shantelle
  • Raymond Specht
  • george wm miller
  • Marcie Belles
  • Daniel A. Parry
  • Matthew Karl Hilber
  • Jack Papesch
  • Jim Willis
  • Lesli
  • Timothy Moran
  • Robert Steele
  • Steven David
  • Gary Kindred
  • Michael Smitka

Subscribe to Auto Finance News by clicking here.

Details

About Us
Guide to Posting Images
Videos
Code of Ethics
Advertise


Our Other Sites:
Air Cargo Management Group
AccountsRecovery.net
Bank Innovation
________________________

Subscribe to our sister publication, Auto Finance News. Click here to learn more about the industry's leading newsmagazine or here for VIP access.


You agree that in posting to this site you will abide by the Terms of Service spelled out below.

© 2012   Created by JJ Hornblass.

Badges  |  Report an Issue  |  Terms of Service