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Marketwatch is reporting that Fritz Henderson, who replaced Rick Wagoner as General Motors CEO earlier this year, will resign and Ed Whitacre, Chairman of the Board will serve as GM’s interim CEO. More details shortly. In other GM news, Saab has been given a short reprieve while the General examines other potential buyers. If no [...]
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Judge Arthur Gonzalez has delayed a hearing on Chrysler’s request to terminate 789 of its dealers until Thursday, to give dealers more preparation time; the Senate Commerce Committee is questioning Jim Press and Fritz Henderson about Chrysler and GM’s dealer-dropping plans today. While Chrysler plans to terminate 789 dealers’ franchise agreements, GM is planning to drop [...]
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The departure of Rick Wagoner is not the only big change coming to General Motors. Wagoner’s jobs as CEO and chairman of the board will be split. Fritz Henderson, who has been GM’s president and chief operating officer (COO), will replace Wagoner as chief executive officer (CEO). Kent Kresa, former chairman of Northrop Grumman, will [...]
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On Friday I was in Washington for a meeting with Administration officials. In the course of that meeting, they requested that I “step aside” as CEO of GM, and so I have. Fritz Henderson is an excellent choice to be the next CEO of GM. Having worked closely with Fritz for many years, I know [...]
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