Advertisement
Find a Car
Go!

BREAKING: General Motors CEO Ed Whitacre To Step Down Sept 1

Follow John

Edward E. 'Ed' Whitacre, Jr.

Edward E. 'Ed' Whitacre, Jr.

Enlarge Photo

General Motors chairman and chief executive officer Ed Whitacre will step down from his positions, passing the CEO slot to Dan Akerson on September 1 and departing as chairman of the GM board on December 31, 2010.

The new CEO was voted onto GM's board last September as the company was reconstituted with government backing following its Chapter 11 bankruptcy.

Akerson was previously CEO of telecommunications provider Nextel, chief operating officer of MCI WorldCom, and a former managing director of the private-equity investment firm Carlyle Group.

Whitacre, an outsider to the auto industry who previously ran AT&T, replaced long-time GM executive Fritz Henderson last December. The appointment of Akerson continues a nascent GM tradition of telecommunications executives running the global automaker.

Henderson himself had replaced another GM lifer, Rick Wagoner, under whose watch GM lost tens of billions of dollars, a large portion of its market share, and ended up in bankruptcy.

Dan Akerson, GM CEO as of September 1, 2010

Dan Akerson, GM CEO as of September 1, 2010

Enlarge Photo

[General Motors]

Advertisement
 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
 

Have an opinion? Join the conversation!

Advertisement
Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Advertisement
Take Us With You!
   
Advertisement

More From High Gear Media


 
 
© 2014 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by Homestar, LLC. Send us feedback.