General Motors announces Edward E. Whitacre will step down as CEO and as chairman of the board by the end of the year.
Edward E. Whitacre joined GM as chairman of the board on July 10, 2009 and was named CEO on December 1, 2009. He successfully led the company’s return to profitability after the most turbulent period in its history.
"My goal in coming to General Motors was to help restore profitability, build a strong market position, and position this iconic company for success. We are clearly on that path. A strong foundation is in place and I am comfortable with the timing of my decision," says Edward E. Whitacre.
Dan Akerson will become CEO on September 1st and chairman by the end of the year, ensuring a smooth transition and continued positive momentum for the company.
"There are remarkable opportunities ahead for the new GM, and I am honoured to lead the company through this next chapter. Ed Whitacre established a foundation upon which we will continue building a great automobile company," explains Dan Akerson.
Before serving on the GM board since July 2009, Dan Akerson has had a distinguished career in finance at the Carlyle Group and in telecommunication, at XO Communications and at Nextel Communications. He was also chairman and CEO of General Instrument Corp.
Edward E. Whitacre joined GM as chairman of the board on July 10, 2009 and was named CEO on December 1, 2009. He successfully led the company’s return to profitability after the most turbulent period in its history.
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| Edward E. Whitacre (Photo: General Motrs) |
"My goal in coming to General Motors was to help restore profitability, build a strong market position, and position this iconic company for success. We are clearly on that path. A strong foundation is in place and I am comfortable with the timing of my decision," says Edward E. Whitacre.
Dan Akerson will become CEO on September 1st and chairman by the end of the year, ensuring a smooth transition and continued positive momentum for the company.
"There are remarkable opportunities ahead for the new GM, and I am honoured to lead the company through this next chapter. Ed Whitacre established a foundation upon which we will continue building a great automobile company," explains Dan Akerson.
Before serving on the GM board since July 2009, Dan Akerson has had a distinguished career in finance at the Carlyle Group and in telecommunication, at XO Communications and at Nextel Communications. He was also chairman and CEO of General Instrument Corp.