The appointment of General Motors Vice Chairman Stephen Girsky as Chairman of the Supervisory Board of Adam Opel AG is effective immediately. Girsky is the replacement for Nick Reilly, who resigned from the board as a member and chairman. Reilly said that his retirement from GM takes effect in March 2012.
GM Chairman and CEO Dan Akerson said that Opel will be brought “to the next level” as it is being managed by two leaders with a very extensive experience: Steve Girsky as Chairman of the Board and Karl Friedrich Stracke as President of GM Europe and CEO of Opel/Vauxhall.
Girsky said that they will build on Reilly’s achievements so that its European operations will be able to maintain its profitability. He added that GM wants Opel to realize its full potential and to do that, its cost structure has to be optimized, its margins have to be improved, and it should continue to “better leverage GM's scale."
Other changes that support the company’s efforts are the appointments of Dan Ammann as the Opel Supervisory Board of GM Chief Financial Officer and Tim Lee as GM International Operations President. Since January of last year, Girsky has served as an Opel Supervisory Board member.