The promotion, which took place Monday will give increased power to Girsky, who has been with the board since July 2008. The 47-year-old veteran Wall Street auto analyst has established himself as one of GM CEO Ed Whitacre’s right hand man, offering the new permanent CEO advice.
Whitacre sang the praises of Girsky saying, "Steve brings a depth of experience to this position that will serve the company well as we continue with our restructuring efforts," adding that "he is a trusted adviser who has made a major contribution through the company's transition."
Girsky’s new role will make him accountable for GM’s corporate strategy, business alliances and new development. He will stay on as a board member, earning $1.1 million a year in cash and stock in annual compensation.
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