GM CEO Fritz Henderson steps down, Ed Whitacre to act as interim CEO until replacement is found |

In what is the most shocking turn of events coming from GM after revealing that it will keep Opel, at the monthly meeting of the board of directors, the CEO, chairman and acting president of the company, Fritz Henderson, has stepped down from his position.

He offered no statements, and his place is now being taken by the chairman of the board, Ed Whitacre, the man appearing in the 60 Day Money Back guarantee ads. He will only act as an interim solution while a new CEO will be found.

“Fritz has done a remarkable job in leading the company through an unprecedented period of challenge and change,” revealed Whitacre. “While momentum has been building over the past several months, all involved agree that changes needed to be made. […] In closing, I want to once again thank Fritz Henderson for his years of leadership and service to General Motors; we’re grateful for his many contributions. I look forward to working with the entire GM team as we now begin the next chapter of this great company.”

This is the second CEO that GM has lost this year, after Rick Wagoner was “advised” by the Obama Auto Taskforce to resign. Henderson then took control during one of the darkest moments in the history of the company with average results, although many pin the death of Saturn and the turmoil through which Opel has gone, and the one Saab is currently experiencing.

Do you believe this move is for the best? Leave a comment and make your voice heard.

Source: Autoblog

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Post tags : ed whitacre, fritz henderson, General Motors, gm