GM wants to develop an internal replacement for CEO Ed Whitacre

Article by Christian A., 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:

Pin It

Comments

Recommended

Owning a supercar in the past meant you’ll have to compromise. But there’s no need for that anymore - thanks to the Ford Performance engineers. The company ensures that you...
by - March 30, 2017
Tesla marked a major milestone as it surpassed Ford in market capitalization. Automaker Tesla, formerly known as Tesla Motors, closed out the trading on March 27, 2017, with a market...
by - March 30, 2017
The mid-cycle facelift for the Mercedes-Benz's S-Class have been disclosed to the public eye via these leaked shots. The images that recently surfaced and others like it were published online...
by - March 30, 2017
Reddit user Jdubbswrx spotted a rather deceptive move coming from the German automotive manufacturer Audi. He posted an image of the supposed exhaust of the new 2018 Audi SQ5 sporting...
by - March 29, 2017
McLaren car owners will be thanking the automotive company as it has decided to roll out new goodies for the 540C, 570S and 570GT sports car line-up. From this series...
by - March 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries