Daniel F. Akerson To Succeed GM CEO Ed Whitacre

August 13th, 2010 - 8:33 pm ICT by GD  

By Gina Gomez
ceoDetroit, Aug 13, (THAINDIAN NEWS) In what has come as a major surprise, Ed Whitacre has revealed that he would be stepping down as the chief executive officer of the American automaker General Motors from September. The position of the Ed Whitacre, who is known to have played a pivotal role in turning around the multi-national car company since it was reeling under the onslaught of global economic meltdown, would be taken by Daniel F. Akerson from next month.

Ed Whitacre announced his retirement in a conference call with reporters and analysts in which General Motors’ quarterly profit of $1.3 billion was also declared. The General Motors CEO who has headed the automaker for about eight months told the media that his post was always meant to be temporary while also pointing out that his main intention was to return the company to its past glory and he never wanted to stay a day beyond that. Despite the fact that Ed Whitacre would be stepping down from the post of CEO from next month, he would continue to stay as the chairman of the board till the end of this year.

However, Ed Whitacre’s decision to give his resignation as the CEO of General Motors has come as a major shock to industry insiders, more so as just a week ago in an interview, the former AT&T CEO had revealed that he had never given any thought to resigning from his post. Meanwhile, Daniel F. Akerson, who is a telecommunications veteran, is the managing director at the private-equity firm Carlyle Group and is not known to have a background in the auto industry.

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