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Ennis’ Whitacre to lead GM

General Motors Co.’s chairman and interim chief executive, Ed Whitacre Jr., is dropping the interim from his CEO title and he reaffirmed Monday the automaker would repay in full its loans from the U.S. and Canadian governments by June.
Whitacre, 68, said GM’s board asked him to become permanent CEO last week, ending a seven-week search for a new CEO.

“The board looked at the potential candidates and decided this place needs stability. We don’t need any more uncertainty,” Whitacre told reporters at a hastily called news conference at GM’s Detroit headquarters.

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Posted by on Jan 26 2010. Filed under News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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