Corporate Governance
Based on global sales, General Motors is currently the world's no. 2 automaker. Headquartered at the Renaissance Center in Detroit, GM employs approximately 202,000 people around the world. In 2009, General Motors sold 6.5 million cars and trucks globally; in 2010, it sold 8.4 million.
On July 23, 2009, GM announced its new Board of Directors: Dan Akerson, David Bonderman, Robert D. Krebs, Patricia F. Russo and Ed Whitacre (GM Chairman and Interim Chief Executive Officer). Board members who are not GM employees will be paid US$200,000 annually.
Executive management:
- Daniel Akerson – Chief Executive Officer & Chairman of the Board of Directors
- Daniel Ammann – Chief Financial Officer
- Stephen J. Girsky – GM Vice Chairman, Corporate Strategy, Business Development, Global Product Planning and Global Purchasing and Supply Chain
- Mark Reuss – President, GM North America
- Stephen J. Girsky – President, GM Europe; CEO, Adam Opel AG
- Timothy E. Lee – President, GM International Operations (Asia-Pacific, Latin America, Africa, and Middle East)
- Mary Barra – Senior Vice President of Global Product Development
- Michael Milliken – Senior Vice President and General Counsel
- Cynthia J. Brinkley – Vice President, Global Human Resources
- Selim Bingol – Vice President, Global Communications
- Edward T. Welburn – Vice President of Global Design for GM
As part of the company's advertising, Ed Whitacre announced the company's 60-day money-back guarantee and repayment of $6.7 billion loan from government ahead of schedule. On August 12, 2010, GM announced that Whitacre would relinquish the CEO position effective September 1, 2010, and that of Chairman of the Board at the end of the year, to be replaced in those functions by current board member Dan Akerson. From June 2009 to March 2011, the company had three chief executive officers and three chief financial officers.
Read more about this topic: General Motors 50th Anniversary Show
Famous quotes containing the words corporate and/or governance:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)