General Motors abandons search for new chief executive
Jan 25th, 2010 | By | Category: NewsIn a bid to restore stability, car manufacturer gives job to chairman Ed Whitacre General Motors has abandoned a search for a new chief executive, opting instead to give the job on a long-term basis to its chairman, Ed Whitacre, in an effort to restore “stability” to the cash-strapped Detroit car manufacturer. Whitacre, a 68-year-old former telecoms boss with no background in the automotive industry, announced he was keeping the role during a press conference at GM’s headquarters today.
