Several top General Motors Co. executives-including some who had only been in their current roles for a few months-got new jobs on Friday. The moves were orchestrated by Chairman Ed Whitacre, who ousted Fritz Henderson last Tuesday and will serve as interim CEO while a search is conducted for a replacement.
Whitacre says his aim is to permanently remove GM’s old corporate culture, giving executives more direct responsibility and authority, then holding them accountable for market performance.
The new structure makes Mark Reuss president of GM North America, reversing Henderson’s decision to eliminate such regional posts. The son of former GM President Lloyd Reuss, the younger Reuss has held a number of vehicle development positions since joining the automaker in 1983. He was head of GM’s Holden operations in Australia before being named vice president of engineering in July.
Nick Reilly, who in July was tapped to head GM’s international operations and was appointed in November to head the restructuring of Opel/Vauxhall, is now president of GM Europe. He gives up his previous role as president of GM International Operations to Tim Lee, who had been GM’s group vice president of manufacturing and labor relations.
Whitacre, the 68-year-old former CEO and chairman of AT&T Inc., was hired in June as part of a board shakeup shortly after GM filed for bankruptcy. The company emerged from Chapter 11 protection in mid-July, but analysts say he grew impatient with the recovery pace set by Henderson. Whitacre is GM’s third CEO this year. Henderson, a 25-year GM veteran, replaced Rick Wagoner as CEO in late March.