Ed Whitacre Named Permanent GM CEO

FenwickHockey65 · 01-25-2010, 02:51 PM

Ed Whitacre to Continue as GM CEO
Link to Press Release
Link to Article at GM Inside News

Quote:

DETROIT – Edward E. Whitacre, Jr., has agreed to continue as chairman and CEO of General Motors, it was announced today.

Speaking at a press conference at GM’s headquarters, Whitacre also expressed the GM board’s commitment that the company will pay back in full the U.S. Treasury and the Canadian and Ontario government loans by June.

Whitacre’s appointment reflects GM’s progress since the new company was formed last summer. “The board of directors asked if I would be willing to stay on at GM and help continue the company’s road back to success,” Whitacre said. “Having spent the past few months learning the business, meeting with our employees, customers, suppliers and dealers, and working with the GM leadership team, I was both honored and pleased to accept this role. This is a great company with an even greater future, and I want to be part of it."

“We’ve made significant progress in the past couple of months, so much so that I can confirm with certainty that we will pay back in full the U.S. Treasury and Canadian and Ontario government loans by June,” Whitacre said. “This represents a significant milestone in our journey back to being a profitable and viable company.”

bpmurr · 01-25-2010, 03:38 PM

You'd think at 68 he'd hang it up and enjoy retirement.

FenwickHockey65 · 01-25-2010, 03:47 PM

Quote:

Originally Posted by bpmurr

You'd think at 68 he'd hang it up and enjoy retirement.

Nope. Lutz is in his 70s and still at it.

Then again, I secretly think that Lutz is immortal...

Brokinarrow · 01-25-2010, 03:59 PM

Quote:

Originally Posted by bpmurr

You'd think at 68 he'd hang it up and enjoy retirement.

Either the money is really good or he really enjoys what he does

(or maybe both) Either way, it's impressive that he is stickin with it at his age.

TheCaptain · 01-25-2010, 07:13 PM

I think i could enjoy being a CEO, especially for GM.

Hire me! Hire me!

FenwickHockey65 · 01-25-2010, 07:39 PM

Quote:

Originally Posted by TheCaptain

I think i could enjoy being a CEO, especially for GM.

Hire me! Hire me!

No way, I called the job while Wagoner was still in charge.

*Mr. Wyndham* · 01-25-2010, 08:01 PM

I didn't see that coming....

*DGthe3* · 01-26-2010, 02:06 AM

Quote:

Originally Posted by Brokinarrow

Either the money is really good or he really enjoys what he does

(or maybe both) Either way, it's impressive that he is stickin with it at his age.

Some people just enjoy challenges. I can't think of another reason for wanting to be the CEO of GM right now. I like the company, but I know I don't want that job.

FenwickHockey65 · 01-26-2010, 07:16 AM

Quote:

Originally Posted by DGthe3

Some people just enjoy challenges. I can't think of another reason for wanting to be the CEO of GM right now. I like the company, but I know I don't want that job.

Oh, I do.

Say goodbye, toyota.

MikesZ · 01-26-2010, 11:46 AM

Good...perhaps Whitacre can stomp on some people and get that d@mned Alpha platform going!

*Mr. Wyndham* · 01-26-2010, 02:38 PM

Quote:

Originally Posted by FenwickHockey65

Oh, I do.

Say goodbye, toyota.

+1.

Quote:

Originally Posted by MikesZ

Good...perhaps Whitacre can stomp on some people and get that d@mned Alpha platform going!

You assume it's not?

Brokinarrow · 01-26-2010, 03:38 PM

Quote:

Originally Posted by DGthe3

Some people just enjoy challenges. I can't think of another reason for wanting to be the CEO of GM right now. I like the company, but I know I don't want that job.

Very true, unless they are confident and know that they can drive the company into a brighter future, and thus be one of the people that helped save the company. Which may be the opportunity he is seeing here. I wish him the best, lets knock Toyota and Honda down a few pegs

BackinBlackSS/RS · 01-26-2010, 03:40 PM

Quote:

Originally Posted by FenwickHockey65

Say goodbye, toyota.

Can we have a party when it happens!!!!

*DGthe3* · 01-26-2010, 03:42 PM

Quote:

Originally Posted by BackinBlackSS/RS

Can we have a party when it happens!!!!

so long as its a slow and painful death

01-25-2010, 03:38 PM	#2
bpmurr The Enemy ;) Drives: 2017 Shelby GT350 Join Date: May 2009 Location: Baltimore, MD Posts: 489	You'd think at 68 he'd hang it up and enjoy retirement. __________________ 2017 Shelby GT350 Former Stangs: 2016 Shelby GT350 2015 GT PP 2014 GT500 SVTPP/Track Pack 2013 Boss 302 2011 GT500 SVTPP 2010 GT500 2005 GT

01-25-2010, 07:13 PM	#5
TheCaptain N7 Spectre Drives: 14 ATS Performance 3.6L AWD Join Date: Jul 2008 Location: Moosomin, Saskatchewan, Canada Posts: 2,732 View My Garage	I think i could enjoy being a CEO, especially for GM. Hire me! Hire me! __________________

01-25-2010, 08:01 PM	#7
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,873 View My Garage	I didn't see that coming.... __________________ *"Keep the faith."* - Fbodfather

01-26-2010, 11:46 AM	#10
MikesZ Group Provocateur Drives: Long Distances Join Date: Jun 2009 Location: Arizona Posts: 1,021	Good...perhaps Whitacre can stomp on some people and get that d@mned Alpha platform going! __________________

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