News :: Elections & Legislation
Dan Akerson, managing director of The Carlyle Group to be new CEO of General Motors
General Motors announced on Thursday that CEO Ed Whitacre will resign effective Sept. 1. His replacement will be GM board member Dan Akerson, the managing director of The Carlyle Group, a private equity firm.
August 12, 2010
General Motors CEO steps down
CBC News
Whitacre will remain as chairman of the board until the end of the year. He has said he had no plans to be a long-term CEO.
Akerson's appointment might trigger a debate over the fact that he does not have experience leading a manufacturing company.
Akerson, 61, will be GM's fourth CEO in 18 months.
More here:
www.cbc.ca/money/story/2010/08/12/gm-earnings-profit.html