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]

If you liked the article, share on:


Login or Create new account to add a comment!


It was only recently when BMW officially debuted the new 2017 5-Series Saloon (G30) online. At that time, this range revealed that it had driving dynamics that was the best...
by - October 26, 2016
Starting early 2017, the new Audi Q7 will be available with the new 2.0-liter TFSI four-cylinder engine that makes it not only faster but also lighter and more efficient than...
by - October 25, 2016
Soon, Fiat Chrysler’s Dodge brand will be ending the production of the Dodge Viper. So practically, the 2017 Dodge Viper will be the last Viper up for grabs. Gerry Wood...
by - October 25, 2016
Say hello to the fastest accelerating production car in the world: the new 2017 Tesla Model S P100D. Powered by a 100 kWh battery, this new model basically outruns almost...
by - October 25, 2016
Ever heard of the “Lynk & Co” automotive brand? Well, it is highly likely people haven’t. This is practically because this is new brand created by the joint venture between...
by - October 25, 2016