The New York Times
Thu, August 12, 2010 -- 11:14 AM ET
-----
Edward E. Whitacre Jr. Says He Will Step Down as G.M.'s Chief Executive
In a surprising development, GM's chairman and chief
executive, Edward Whitacre Jr. announced Thursday that he
would step down as chief executive on Sept. 1 and be succeed
by Daniel F. Akerson, a G.M. board member and a managing
director of the Carlyle Group.
Mr. Whitacre will stay on as chairman until year end, when
Mr. Akerson will assume that role as well.
"We're going to have a smooth, seamless transition here," Mr.
Whitacre said.
The announcement came shortly after General Motors said that
it earned $1.3 billion in the second quarter and cited
sustained progress in rebuilding operations after emerging
from its government-sponsored bankruptcy last year.
Read More:
http://www.nytimes.com/2010/08/13/business/13auto.html?hp&emc=na
-----
Now get New York Times breaking news alerts sent to your mobile phone.
Sign up by texting NEWSALERTS to 698698 (NYTNYT).
-----
About This E-Mail
You received this message because you are signed up to receive breaking news
alerts from NYTimes.com.
To unsubscribe, change your e-mail address or to sign up for daily headlines
or other newsletters, go to:
http://www.nytimes.com/email
NYTimes.com
620 Eighth Ave.
New York, NY 10018
Copyright 2010 The New York Times Company
No comments:
Post a Comment