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post #1 of 1 (permalink) Old 01-25-2010, 10:35 AM Thread Starter
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Whitacre to be GMs permanent CEO

Whitacre to be GMs permanent CEO

Posted on Monday, January 25th, 2010 at 12:26 PM EST.(Employee News)

General Motors Co. will announce this morning it is calling off its search for a CEO and naming its chairman and interim CEO Edward Whitacre Jr. as its permanent CEO, the Detroit News reported.

Sources familiar with the matter told The Detroit News that Whitacre will take the top job. Top GM officials said at the North American International Auto Show in Detroit earlier this month that Whitacre, a former CEO and chairman of AT&T, was likely to keep the top job permanently, the paper said.

The Obama administration, which named Whitacre chairman of GMs board last summer, strongly supports the move, the report said. GM is ending its search for a new CEO less than two months after it began, the story said. (The Detroit News)

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