Dan Akerson says that next GM CEO should be an internal candidate

Article by Christian Andrei, on April 25, 2012

It will be two to five years more that General Motors Co. CEO Dan Akerson intends to stay on the job but when talking about who he prefers to be his successor, he said that he hopes that it would be someone from within. Akerson delivered the keynote address at the 2012 Automotive News China Conference.

He reasoned that when an internal candidate is chosen, it’s “less disruptive” for the company. Akerson, who is now 63 years old, had become a part of GM in July 2009 as a director after it emerged from bankruptcy and became the head the following year. The possibilities include GM Vice Chairman Steve Girsky (a former industry analyst), North America chief Mark Reuss, and global product head Mary Barra.

Akerson also thought about his decision to leave the private equity firm The Carlyle Group for GM, where the government was capping pay as a condition of the government's bailout assistance. Akerson became the CEO of GM where he agreed to receive $1.7 million in cash annually, plus $5.3 million in stock over three years.

Kerson believed that joining GM meant that it to take a step down when it comes to compensation. He also wanted to clarify that he signed the contract not because of economic reasons but because he wanted to be of service to his company and country. [source: Autonews]

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