Meet The New Chairman Of GM: Edward Whitacre Jr.
Automotive News [sub] is reporting that former chairman and CEO of AT&T, Edward Whitacre Jr., has been selected as the chairman of the “New GM.” Whitacre is an industrial engineer by training and previously served on the boards of ExxonMobil and Burlington Northern Santa Fe. Whitacre and interim chairman Kent Kresa will serve on GM’s board along with current members Philip Laskawy, Kathryn Marinello, Errol Davis Jr., E. Neville Isdell and CEO Fritz Henderson. Six other current GM board members will retire by the time GM’s asset sale is approved, four of whom will be replaced by a selection process now underway. Two more directors will be selected by the Canadian government and the UAW VEBA trust. The reconstituted GM board will seat 13 directors.
@mtypex, So, you thinkin' we should get someone in here like Luca di Montezemolo? He would dress snappier - at least.
PERFECT. This guy formerly on EXXON MOBIL Board of Directors. Most likely has millions in oil stock. Think he gives a crap about increasing fuel mileage?
At least it's an engineer... It would be interesting to know what will constitute "Bad GM" and "Bad Chrysler" It would be fun if those "failed" companies, make a comeback and PWN the "Good" ones.
"Quite the opposite. AT&T got HUGE under this guy and recovered pretty well after the antitrust suit split them up." skygreenleopard, don't be confused by the fact that Whitacre ran a company called "AT&T." It's not the company you remember. It's really SBC, after swallowing Ameritech and the shriveled, broken remains of the real AT&T. After the last purchase, the SBC faux-cowboys wanted a famous national name rather than their obscure regional one, so they slapped the name of their latest acquisition onto the front of the whole company.