General Motors' CEO Frederick "Fritz" Henderson has resigned following a difficult eight months at the automaker. Chairman Ed Whitacre Jr. will serve as the CEO until the international search for a new CEO and President is complete.
Henderson took his post March 29 following the Federal removal of former CEO Rich Wagoner. The company underwent a government led restructuring in the months that followed but have continued to struggle. The company was taken into Chapter 11 protection for 40 days from which it emerged due to federal loans.
General Motors was downsized significantly during Henderson’s run there with a goal of only upholding the four core brands, Buick, Cadillac, GMC and Chevrolet.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on the Internet at www.equitiesmagazine.com, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine.
