Eight months into the job, Fritz Henderson has resigned as the CEO, President and Director of General Motors. The surprise news broke out just hours before Henderson was supposed to grace GM’s booth at the LA Auto Show. Company chairman of the board Ed Whitacre will be the interim CEO until a permanent replacement is found.
“Fritz has done a remarkable job in leading the company through an unprecedented period of challenge and change. While momentum has been building over the past several months, all involved agree that changes needed to be made,” said the caretaker chief.
Fritz is the second CEO to walk out of GM’s door in 2009. The first was Rick Wagoner, who was forced out by President Barack Obama Administration’s Task Force for Autos. According to AP reports, the board was upset that GM’s turnaround wasn’t moving more swiftly and agreed that Henderson had to go.
Danny Tan loves driving as much as he loves a certain herbal meat soup, and sweet engine music as much as drum beats. He has been in the auto industry since 2006, previously filling the pages of two motoring magazines before joining this website. Enjoys detailing the experience more than the technical details.
is he the one who went to white house using private jet to ask the US government for bailout ??
First!!!
1st! This man looks fat and old!
GM should uses the FORD Motors approaches…
mmm………..no surprise
That was Rick Wagoner, the one who goes to white house for bailout money with his private jet.
Looks like someone else needs to come in and make more cuts where necessary or maybe the board just need to be patient.
2nd recession is coming…..
Now you know why Koenigsegg so pissed off with the Saab deal. Obviously, everything really going too slow pace in GM. So he will have to pay the price now.
NA said,
December 2, 2009 @ 5:46 pm
Now you know why Koenigsegg so pissed off with the Saab deal. Obviously, everything really going too slow pace in GM. So he will have to pay the price now.
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And presumably the Opel issue plays it's part as well.
haiz GM GM….
i think its more because, "we gave you time, you still have not performed. now get the f*** out of the company."
wonder whos next to shoulder this sick company.
he might be tax money suxker. hahaha
our proton is in much worse situation….
tengku mahalel shud take his position. then GM will die even faster.
Hire Carlos Ghosn!!
To GM, other dying American companies and P1…..u dont need Rick Wagoner, u dont need Fritz Henderson, u dont need Warren Buffet……
What you all need is simple and short solution……
"Datuk Seri IDRIS JALA". He will turnaround your plant/company/organisation from LINGKUP to SUCCESS. He is good at it and has a proven track record, internationally.
P/S Arct|c – Why T. Mahaleel will make GM die faster? Any track record??? Is it him or Kisai that make P1 rot??