GM wants to develop an internal replacement for CEO Ed Whitacre

Article by Christian Andrei, on August 27, 2010

There's speculation that General Motors Corp. will develop an internal replacement for CEO Ed Whitacre, most likely in a couple of years, according to two sources.

Last week, Whitacre had announced that the GM board had removed "interim" from his title. Sources say that the quest to find a new CEO from outside the company had failed to find a fitting candidate agreeable to taking the job. 

It's also believed that any top-level executive has a shot at the job, including those running GM's overseas operations.

Even as Whitacre said that GM's corporate culture is fine, it's apparent from his stance on his successor that he's looking for improvement.

Sources say that Whitacre and the board want the winning candidate to come from a new corporate culture based on decision-making and accountability.

GM executives have found that there was something lacking with the atmosphere at GM. In an interview last December, Vice Chairman Tom Stephens said, "We make more decisions walking to the meetings than we used to make at the meetings."

Sources share that the internal CEO field is open but that if a winner doesn't emerge, the board will commission a new search for an outside candidate.

Topics: gm, ceo, united states

If you liked the article, share on:


Login or Create new account to add a comment!


Mitsubishi is now officially part of the Renault-Nissan alliance after Nissan took over the Japanese car company recently. We know a lot has been happening in the car industry, but...
by - October 24, 2016
Driving the newest 2017 BMW 5-Series (G30), Clive Owen (Closer, Children of Men) returns to his role as “The Driver”. In this latest installment, what initially starts as a simple...
by - October 24, 2016
Many had wished that a Lamborghini Huracán Superleggera would somehow make a surprise debut at the recently held Paris Motor Show. Sadly, not a single Lamborghini appeared anywhere in sight....
by - October 24, 2016
Aston Martin and Red Bull Racing teamed up for the first time in creating what looks like one of the most ferocious beasts in history. The British car manufacturer has...
by - October 24, 2016
German premium carmaker Audi is reportedly planning to buy back around 25,000 Audi Q7 SUVs powered by its 3.0-liter V6 TDI engine in the United States. The buyback should compensate...
by - October 24, 2016